Exam DISC-IA Practice Question 42
Study guide: Exam DISC-IA
A BPP policy insures Building 1 for $150,000 and Building 2 for $80,000, with a $2,500 deductible and no coinsurance penalty. One windstorm causes a $100,000 loss to Building 1 and a $95,000 loss to Building 2. How much of the total $195,000 loss does the insured bear?
- A) $2,500
- B) $15,000
- C) $17,500
- D) $20,000
Answer this question and see the worked solution
Concepts tested
- Property Insurance Limits and Deductibles
- Building and Personal Property Coverage Form
- BPP Limits of Insurance and Deductible