Question

A pizza shop has a neon sign attached to it building during a severe thunderstorm the sign is damaged by wind and hail what is the maximum the business and personal policy will pay for the damage to the sign?

1) $500
2) $1,000
3) $2,500
4) $5,000

Answer 1

The maximum payment for the damage to the neon sign depends on the coverage limits specified in the insurance policies.

Step-by-step explanation:

The maximum that the business and personal policy will pay for the damage to the neon sign is dependent on the coverage limits specified in the insurance policies.

The business insurance policy typically covers property damage, including damage to the physical assets of the business, such as buildings, equipment, and signs. The coverage limits vary based on the specific policy and the coverage selected by the business owner.

The personal policy, such as homeowner's insurance or renter's insurance, may provide coverage for the damage to personal property, but it would depend on the specific policy. The coverage limits for personal property are also outlined in the policy and vary.

To determine the maximum amount that will be paid for the damage to the sign, the business owner and individual policyholder would need to review their insurance policies and consult with their insurance providers.