Description
A company intended to sell a high-end refrigerator that included French doors, external water, and an ice dispenser for $10,499 but mistakenly advertised it for $8,449. The company honored the advertising price and sustained a loss of $2,050. The company has an unendorsed CGL policy. The company intends to file a claim for this loss with its insurer.
Is this a covered loss?
Explain your answer referring to the coverage involved, ensuring agreement, and any exclusions that may apply.
