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Author Question: Insurance Company A has a standard 90 coinsurance clause for all fire insurance coverage. Insurance ... (Read 186 times)

xclash

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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.


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catron30

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Reply #1 on: Jun 24, 2018
Answer to Question 1

29,250

Answer to Question 2

954,000


xclash

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

alvinum

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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