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Author Question: Property valued at 150,00 . was insured for 100,000 . The policy contained a 60 coinsurance clause. ... (Read 192 times)

roselinechinyere27m

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on: Jun 24, 2018
Property valued at 150,00 . was insured for 100,000 . The policy contained a 60 coinsurance clause. A fire caused 45,00 . in damages. Compute the amount the insurance company paid for repairs.

Question 2

Property valued at 140,00 . was insured for 90,000 . The policy contained an 80 coinsurance clause. A fire caused 56,00 . in damages. Compute the amount the insurance company paid for repairs.


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batool

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

50,000

Answer to Question 2

45,000


roselinechinyere27m

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

dawsa925

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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