Advanced Placement (AP)

A large tornado ripped through Ken’s farm and destroyed $4,000 of his $10,000 corn crop. Ken is covered under an MPCI policy with a Catastrophic Risk Protection Endorsement. How much indemnification can Ken receive from the Catastrophic Risk Protection Endorsement for this loss?

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A large tornado ripped through Ken’s farm and destroyed $4,000 of his $10,000 corn crop. Ken is cove...

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