Homework Blaw
Peter Andrus owned an apartment building that he had insured under a fire insurance policy sold by J. C. Durick Insurance (Durick). Two months prior to the expiration of the policy, Durick notified Andrus the building should be insured for $48,000 (or 80% of building’s value) required by the insurance company. Andrus replied (1) he wanted insurance to match the amount of the outstanding mortgage […]