Author Question: Insurance Company A has a standard 90 coinsurance clause for all fire insurance coverage. Insurance ... (Read 286 times)

xclash · **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.