A Unique, Attractive Feature of a Bop Is That Both

Doug's BOP on his fishing guide business excludes property losses due to the wakes of other fishing boats. This is an example of the ____ approach to property insurance. A) foreseen risk B) reasonable-person standard C) named-peril D) insurance-to-value

Assume that the physical property of a business is valued at $50,000. The company's commercial property policy contains a coinsurance clause with a stated percentage of 80 percent. The company insures the property for $30,000 (75 percent of the specified minimum). The company incurs a fire loss of $20,000. How much of the loss will the insurance company pay for? A) $20,000 B) $15,000 C) $0 D) $10,000