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Author Question: Medical Arts Center had property valued at 380,000 and insured for 285,000. The fire insurance ... (Read 114 times)

madam-professor

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on: Jun 24, 2018
Medical Arts Center had property valued at 380,000 and insured for 285,000. The fire insurance policy contained a 75 coinsurance clause. Medical Arts had water damage of 82,000. How much of this damage will be paid by the insurance company?

Question 2

____________________ interest has become known as the banker's rule.
 Fill in the blank(s) with correct word


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KKcool

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

82,000

Answer to Question 2

Ordinary


madam-professor

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

sailorcrescent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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