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Author Question: The Jordan Company building was valued at 400,000 . The building was insured for 200,000 . The ... (Read 120 times)

laurencescou

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on: Jun 24, 2018
The Jordan Company building was valued at 400,000 . The building was insured for 200,000 . The policy contained an 80 coinsurance clause. A fire caused 180,00 . in damages. Compute the amount of the fire damage the Jordan Company had to pay.

Question 2

The Morgan Company warehouse was valued at 2,400,000 . The building was insured for 960,000 . The policy contained an 80 coinsurance clause. A fire caused 660,00 . in damages. Compute the amount the Morgan Company recovered from the insurance company for fire damage.


juwms

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

67,500

Answer to Question 2

330,000


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