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 199 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
:D TYSM

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Standard Alcoholic Drink Sizes Standard Alcoholic Drink Sizes
Standard Medical Record and Types of Reports Found in Record Standard Medical Record and Types of Reports Found in Record
How to avoid car insurance claims How to avoid car insurance claims
Typical wiring diagram of a V-6 distributorless (direct fire) ignition system. Typical wiring diagram of a V-6 distributorless (direct fire) ignition system.
How to quickly determine the maximum or minimum value of a quadratic equation in standard form How to quickly determine the maximum or minimum value of a quadratic equation in standard form
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Video: Sickle Cell Anemia

For a complete list of videos, visit our video library