This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Insurance Company A has a standard 90 coinsurance clause for all fire insurance coverage. Insurance ... (Read 201 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 24, 2018
Insurance Company A has a standard 90 coinsurance clause for all fire insurance coverage. Insurance Company B has a standard 75 coinsurance clause for all fire insurance coverage. A building is valued at 195,000 . How much more insurance coverage would Insurance Company A require than Insurance Company B for full coinsurance coverage?

Question 2

An insurance company has a standard coinsurance clause of 90. Compute the amount of insurance coverage the owner of a building valued at 1,060,00 . must carry in order to avoid being the bearer of part of the insurance.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

catron30

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 24, 2018
Answer to Question 1

29,250

Answer to Question 2

954,000


xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Tornado and Fire Tornado and Fire
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
A spark tester connected to a spark plug wire or coil output. A typical spark tester will fire only ... A spark tester connected to a spark plug wire or coil output. A typical spark tester will fire only ...
What Is a Standard Drink? What Is a Standard Drink?
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library