Author Question: Property valued at 3,800,00 . was insured for 3,100,000 . The policy contained an 80 coinsurance ... (Read 146 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
Property valued at 3,800,00 . was insured for 3,100,000 . The policy contained an 80 coinsurance clause. A fire caused 215,500 in damages. Compute the amount the property owner must pay if the property is repaired for 215,500.

Question 2

Property valued at 172,00 . was insured for 100,000 . The policy contained a 90 coinsurance clause. A fire caused 77,400 in damages. Compute the amount the insurance company paid for repairs.



Carliemb17

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

215,500

Answer to Question 2

50,000



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library