All of the following are covered under the building and personal property coverage form EXCEPT

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All of the following are covered under the building and personal property coverage form EXCEPT

A) the insured's stock and inventory when located inside the insured building
B) equipment used to service the insured building
C) the insured's use interest in improvements and betterments if the insured is a tenant
D) property owned by key customers and key suppliers of the insured

Answer: D

Commercial Property Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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