You are a commercial lines broker, working for an insurance company, explain why you would recommend a commercial named-peril policy. James, a new client, left his last insurance company as he was disgruntled that he had to pay an extra $10,000 to remove the wreckage from one of his warehouses that was damaged in a fire. James' policy did not have enough insurance available to cover the cost of debris removal after the lass was paid. course- C12 insurance on property
You are a commercial lines broker, working for an insurance company, explain why you would recommend a commercial named-peril policy. James, a new client, left his last insurance company as he was disgruntled that he had to pay an extra $10,000 to remove the wreckage from one of his warehouses that was damaged in a fire. James' policy did not have enough insurance available to cover the cost of debris removal after the lass was paid. course- C12 insurance on property
Chapter17: Property Transactions: §1231 And Recapture Provisions
Section: Chapter Questions
Problem 11DQ
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1.
You are a commercial lines broker, working for an insurance company, explain why you would recommend a commercial named-peril policy. James, a new client, left his last insurance company as he was disgruntled that he had to pay an extra $10,000 to remove the wreckage from one of his warehouses that was damaged in a fire. James' policy did not have enough insurance available to cover the cost of debris removal after the lass was paid.
course- C12 insurance on property
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