Insurance Company A has a standard 90 coinsurance clause for all ...

[xclash]

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.

[catron30]

Answer to Question 1

29,250

Answer to Question 2

954,000

[xclash]

Excellent

[sarah_brady415]

Thanks for the timely response, appreciate it