The Jordan Company building was valued at 400,000 . The building was insured for 200,000 . The policy contained an 80 coinsurance clause. A fire caused 180,00 . in damages. Compute the amount of the fire damage the Jordan Company had to pay.
Question 2
The Morgan Company warehouse was valued at 2,400,000 . The building was insured for 960,000 . The policy contained an 80 coinsurance clause. A fire caused 660,00 . in damages. Compute the amount the Morgan Company recovered from the insurance company for fire damage.
In this 1900 cartoon, oil baron John D. Rockefeller holds the White House in the palm of his hand wh
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