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5. A small business owner purchased an unendorsed Building and Personal Property Coverage Form (BPP)...

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5. A small business owner purchased an unendorsed Building and Personal Property Coverage Form (BPP) with a $120,000 limit on the building, a $60,000 limit on Your Business Personal Property, and a $500 deductible. A covered loss resulted in damage of $50,000 to the building and $65,000 damage to the insured's business personal property. What will the insurer pay for this loss? CA. $109,000 B. $109,500 CC. $110,000 CD. $115,000 6. A building is insured for $200,000 under an unendorsed Building and Personal Property Coverage Form (BPP). The building is completely destroyed by a covered peril. At the time of the loss, the building was worth $200,000. Additional costs incurred by the insured included $27,000 in debris removal and a $1,000 fire department charge required by local ordinance. Ignoring any deductible, the insurance company will pay CA. $200,000 B. $211,000 C. $226,000 D. $228,000

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