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)

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.