Paraphrasing Task

During a very cold part of an Erie winter, ice forms under the shingles on the roof of this building. During a thaw, this ice melts and backs up under the shingles, causing the melting water to enter the structure and to damage the interior ceiling of this building. The amount of this melting water damage was $40,000. Would this policy respond to this loss? If so, how much would be paid?

Most claims for damage from ice dams have been paid, but insurance companies are a business and they are not in the business of handing out money. Therefore, it is the duty of the policyholder property owner to prove their claim and prove the damage to their insurance company. If he/she proves the damage, then the company has to pay: The amount will be (For 80% Co-insurance)

Don't use plagiarized sources. Get Your Custom Essay on
Paraphrasing Task
Get a plagiarism free paperJust from $13/Page
Order Essay

 

4. There is a claim for wind damage in the amount of $2,000. How much will the company pay?

Usually for most Insurance companies, coinsurance does not to a partial loss under $2500.It applies to a partial loss over $2500.Since the claim for wind damage is $2000 which is less than $2500 so no amount will be paid by the company.

5. An airplane crashes into the building and totally destroys it. How much will the insurance company pay for this total loss?

Coinsurance policy does not apply to total building loss. So according to this the company is not responsible to pay for this. No amount will be paid by the company.

Homework Valley
Calculate your paper price
Pages (550 words)
Approximate price: -

Our Advantages

Plagiarism Free Papers

All our papers are original and written from scratch. We will email you a plagiarism report alongside your completed paper once done.

Free Revisions

All papers are submitted ahead of time. We do this to allow you time to point out any area you would need revision on, and help you for free.

Title-page

A title page preceeds all your paper content. Here, you put all your personal information and this we give out for free.

Bibliography

Without a reference/bibliography page, any academic paper is incomplete and doesnt qualify for grading. We also offer this for free.

Originality & Security

At Homework Valley, we take confidentiality seriously and all your personal information is stored safely and do not share it with third parties for any reasons whatsoever. Our work is original and we send plagiarism reports alongside every paper.

24/7 Customer Support

Our agents are online 24/7. Feel free to contact us through email or talk to our live agents.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

We work around the clock to see best customer experience.

Pricing

Flexible Pricing

Our prices are pocket friendly and you can do partial payments. When that is not enough, we have a free enquiry service.

Communication

Admission help & Client-Writer Contact

When you need to elaborate something further to your writer, we provide that button.

Deadlines

Paper Submission

We take deadlines seriously and our papers are submitted ahead of time. We are happy to assist you in case of any adjustments needed.

Reviews

Customer Feedback

Your feedback, good or bad is of great concern to us and we take it very seriously. We are, therefore, constantly adjusting our policies to ensure best customer/writer experience.