This topic contains a solution. Click here to go to the answer

Author Question: Patrick is planning on buying a restaurant valued at 235,000. If Patrick buys an 80 coinsurance ... (Read 214 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
Patrick is planning on buying a restaurant valued at 235,000. If Patrick buys an 80 coinsurance policy, how much coverage will he have for the restaurant?

Question 2

The Weinmans own a clothing store which they cover with an 80 coinsurance policy. If the value of the hardware store is 124,000, what is the Weinman's amount of coverage?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

javimendoza7

  • Sr. Member
  • ****
  • Posts: 293
Answer to Question 1

188,000; 235,000  0.80 = 188,000

Answer to Question 2

99,200; 124,000  0.80 = 99,200





 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

For a complete list of videos, visit our video library