A retail store insures its business personal property, inclu…

A retail store insures its business personal property, including merchandise, under a BPP with the Value Reporting Form. The limit of insurance is $250,000, and the deductible is $1,000. On November 24, a fire covered peril. destroyed the store and all its personal property. The store’s last report of values was $190,000 and was made on time, on October 31. Assuming that the last report of values was accurate, how much would the policy pay for the store’s personal property loss, which amounted to $235,000?