FINA 4358

FINA 4358 MODULE 2C ASSIGNMENT Commercial Property Insurance Homework Questions 2c Module 2c The following questions pertain to the use of the Special Cause of Loss Form: 1. A PDI worker accidentally tossed an expensive piece of electronic equipment into the furnace at the manufacturing plant. Is this covered? 2. The guest residence in Clear Lake was severely damaged by fire. Actually, most of the damage was from smoke stains and smell and the firewater used by firemen to extinguish the ...

FINA 4358 MODULE 4 ASSIGNMENT Commercial Property insurance Homework Questions Module 4 1. We have quite a markup on our pressure vessels (a $400,000 vessel sells for $750,000). What would we collect if we lose one and why can’t we collect the sales price? 2. Our main warehouse has a replacement cost of $10 million if we rebuild it out of wood as it now stands. However, I know we’d go back with a steel building at half that price. Why are we carrying the warehouse on our Property P...

FINA 4358 MODULE 1 QUIZ Commercial Property Insurance Homework Questions Module 1 1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step entail? 2. One of the “Risk Management Techniques is “retention”. What does this step refer to? 3. Explain the major difficulty in using the Balance Sheet as a source for insurable property values. Balance sheet value reflects depreciation - nothing to do with the amount of insurance yo...

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FINA 4358 MODULE 5 ASSIGNMENT QUESTIOND AND ANSWERS Commercial Property Homework Questions Module 5 1. With respect to PDI’s condominium in New York City, how can PDI determine where the dividing line lies between a condominium association’s interests and PDI’s interests? 2. I’m getting some confusing information from our property manager in New York. It seems that the Office Park Condominium Association (OPCA) in New York City is insured under the Condominium Association ...

The Production Dynamics, Inc. “retail outlet” is insured under the ISO Commercial Crime Coverage Form that includes the following insuring agreements: • Employee Theft • Inside the Premises – Theft of Money and Securities • Inside the Premises – Robbery or Safe Burglary of Other Property • Outside the Premises Indicate which, if any, of those insuring agreements would cover each of the following losses. If a loss is not covered by one of the insuring agreements, explain ...