Medical Arts Center had property valued at 380,000 and insured ...

[madam-professor]

Medical Arts Center had property valued at 380,000 and insured for 285,000. The fire insurance policy contained a 75 coinsurance clause. Medical Arts had water damage of 82,000. How much of this damage will be paid by the insurance company?

Question 2

____________________ interest has become known as the banker's rule.
 Fill in the blank(s) with correct word

[KKcool]

Answer to Question 1

82,000

Answer to Question 2

Ordinary

[madam-professor]

Thanks for the timely response, appreciate it

TYSM