Question

building covered under cp0010. cause of loss special form 10 30 applies. when building has been vacant 30 days, $10,000 vandalism damage to building occurs. later, after building vacant 35 more days there is $5,000 glass damage done by vandals. ignoring any deductibles, how paid?

Answer 1

The vandalism damage to the building would be paid under the coverage provided by CP0010. Both the $10,000 and $5,000 damages would be paid by the insurance company as per the terms of the policy. Deductibles would be specified in the insurance policy and would affect the amount paid by the insurance company.

Step-by-step explanation:

In this case, since the building has been vacant for 30 days, the vandalism damage to the building, amounting to $10,000, would be paid under the coverage provided by CP0010. CP0010 refers to coverage for vandalism or malicious mischief, which typically falls under the 'Causes of Loss - Special Form' coverage form.

Later, when the building has been vacant for an additional 35 days, the $5,000 glass damage done by vandals would also be covered under the same CP0010 coverage. Therefore, both the $10,000 and $5,000 damages would be paid by the insurance company as per the terms of the policy.

It's important to note that this answer assumes there are no deductibles applicable, as stated in the question. Deductibles would be specified in the insurance policy and would affect the amount paid by the insurance company.