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

Author Question: Guiseppe's restaurant is valued at 182,000. The shop is insured for 130,000. Guiseppe has an 80 ... (Read 47 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jun 24, 2018
Guiseppe's restaurant is valued at 182,000. The shop is insured for 130,000. Guiseppe has an 80 coinsurance policy, and they have a fire which causes 150,000 in damage. How much will Guiseppe have to personally pay for damages?

Question 2

The Dairy Barn has an 80 property coinsurance policy on their building, valued at 60,000. The store suffers 22,000 in fire damage. The owners have insuranced the store for 40,000. How much will the insurance company pay?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

16,500;

Answer to Question 2

18,260; 60,000  0.80 = 48,000; 40,000  48,000


Evvie72

  • Member
  • Posts: 519
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Stuffed Jackalope in restaurant near Death Valley Stuffed Jackalope in restaurant near Death Valley
Jacob Lawrence, Barber Shop. Jacob Lawrence, Barber Shop.
By age 3, children develop scripts for common events such as eating at a restaurant. By age 3, children develop scripts for common events such as eating at a restaurant.
The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ... The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ...
A fluorescent trouble light operates cooler and is safer to use in the shop because it is protected ... A fluorescent trouble light operates cooler and is safer to use in the shop because it is protected ...
June’s bike shop Grade 1 Reading June’s bike shop Grade 1 Reading
Video: Coronary Heart Disease

For a complete list of videos, visit our video library