ABC Corporation is insured under a Business and Personal Property Coverage Form that specifies a $4 million limit of insurance on the building and a $500,000 limit on business personal property at the building’s address. The policy has a $10,000 deductible. A $4.4 million loss to the building and a $400,000 loss to business personal property result from a covered cause of loss. Two trees also are destroyed, resulting in a $1,000 loss fully covered by BPP Coverage Form’s Outdoor Property coverage extension. Assuming no coinsurance penalty applies, what is the amount payable after consideration of the deductible and policy limits?
(A) $3,901,000.
(B) $3,910,000.
(C) $4,391,000.
(D) $4,401,000.
(E) $4.791,000.
(C) $4,391,000.
(C) $4,391,000.
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