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

Author Question: The owner of property valued at 150,00 . insured the property for 75,00 . for one year at a premium ... (Read 113 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
on: Jun 24, 2018
The owner of property valued at 150,00 . insured the property for 75,00 . for one year at a premium rate of 4.90 per thousand. The policy carried a 75 coinsurance clause. A fire caused 56,250 in damages. Compute the amount the property insurance and repairs for fire damage cost the insured that year.

Question 2

Property valued at 200,00 . was insured for 140,000 . The policy contained a 60 coinsurance clause. A fire caused 150,00 . in damages. Compute the amount the property owner must pay if the property is repaired for 150,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pocatato

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 24, 2018
Answer to Question 1

19,117.50

Answer to Question 2

100,000


crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
Reply #2 on: Jun 24, 2018
Thank you :)


pocatato

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after
Why Different Constellations Are Visible at Different Times of the Year Why Different Constellations Are Visible at Different Times of the Year
Do not interact with a service dog unless you have permission from its owner. Do not interact with a service dog unless you have permission from its owner.
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Energy sources - types

For a complete list of videos, visit our video library