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FINA 4358 MODULE 4 ASSIGNMENT
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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? Collect $400,000; PDI does not have Manufacturing’s Selling 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 Policy at the $10 million value? Coinsurance penalty could apply penalty because the true value of the building is $10 million. Functional Building Valuation could be requested from the underwriter
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