Would the policy respond to the loss

Reference no: EM132644636

A commercial building that has a value of $600,000 is insured on a Broad Perils policy with a coverage limit of $400,000. and a deductible of $1,000.

Problem 1: 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?

Reference no: EM132644636

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