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

Author Question: Property valued at 150,00 . was insured for 100,000 . The policy contained a 60 coinsurance clause. ... (Read 194 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Property valued at 150,00 . was insured for 100,000 . The policy contained a 60 coinsurance clause. A fire caused 45,00 . in damages. Compute the amount the insurance company paid for repairs.

Question 2

Property valued at 140,00 . was insured for 90,000 . The policy contained an 80 coinsurance clause. A fire caused 56,00 . in damages. Compute the amount the insurance company paid for repairs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 24, 2018
Answer to Question 1

50,000

Answer to Question 2

45,000


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Prestige can sometimes be converted into property. Shown here is “Snooki” Polizzi, a reality ... Prestige can sometimes be converted into property. Shown here is “Snooki” Polizzi, a reality ...
Scientific monitoring with environmental policy (SOER) Scientific monitoring with environmental policy (SOER)
The fiscal policy to counter an inflationary gap is a(n) The fiscal policy to counter an inflationary gap is a(n)
Types of policy Types of policy
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library