Showplace Insures Its $160,000 Building with Two Insurers: with Hometown

question 4

Essay

Showplace insures its $160,000 building with two insurers: with Hometown Insurance for $60,000 and with National Insurance for $120,000. The building suffers a fire loss of $75,000. From whom and for how much can Showplace collect?

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Definitions:

Thick Glasses

Eyeglasses with lenses that are significantly thicker than average, usually prescribed for high degrees of short-sightedness or far-sightedness.

Hearing Aid

Electronic device designed to improve a person's hearing by making sound audible to a person with hearing loss.

Nonverbal Cues

Communication methods that do not involve speaking, including body language, facial expressions, and gestures.

Allow Time

The act of providing sufficient duration for a particular process, activity, or event to take place without rushing.