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A Builder's Risk coverage form is written in the amount of $100,000. The completed value of the structure is $150,000. The building is completed on June 1. On September 15, while helping the new occupant with his grand opening sale, a clerk sneaks a smoke in the restroom. A fire ensues causing a $10,000 fire loss. How much will the insurer pay?Choose one answer. a. $7,500 b. $6,666 c. Nothing d. $10,000
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