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

Author Question: The owner of property valued at 150,00 . insured the property for 75,00 . for one year at a premium ... (Read 129 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
on: Jun 24, 2018
The owner of property valued at 150,00 . insured the property for 75,00 . for one year at a premium rate of 4.90 per thousand. The policy carried a 75 coinsurance clause. A fire caused 56,250 in damages. Compute the amount the property insurance and repairs for fire damage cost the insured that year.

Question 2

Property valued at 200,00 . was insured for 140,000 . The policy contained a 60 coinsurance clause. A fire caused 150,00 . in damages. Compute the amount the property owner must pay if the property is repaired for 150,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pocatato

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 24, 2018
Answer to Question 1

19,117.50

Answer to Question 2

100,000


crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
Reply #2 on: Jun 24, 2018
Thank you :)


pocatato

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce
Available Fresh Water per year Available Fresh Water per year
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ... Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Walking into new year kids drawing Walking into new year kids drawing
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library