[Answered] Conway's Hardware suffers 95,000 in fire damage. The building is valued at 450,000, and the owner ...

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Author Question: Conway's Hardware suffers 95,000 in fire damage. The building is valued at 450,000, and the owner ... (Read 104 times)

shenderson6

Hero Member
Posts: 573

on: Jun 24, 2018

Conway's Hardware suffers 95,000 in fire damage. The building is valued at 450,000, and the owner has it insured for 300,000 with 80 coinsurance. How much will the insurance company pay?
A) 63,500
B) 78,850
C) 95,000
D) 300,000

Question 2

What amount of property insurance coverage is needed to equal 80 of the property value of a home valued at 332,000?
A) 265,600
B) 66,400
C) 26,560
D) 6,640

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skipfourms123

Sr. Member
Posts: 343

Reply #1 on: Jun 24, 2018

Answer to Question 1

B

Answer to Question 2

D

shenderson6

Hero Member
Posts: 573

Reply #2 on: Jun 24, 2018

Correct answers!

skipfourms123

Sr. Member
Posts: 343

Reply #3 on: Jun 24, 2018

Great! Please up vote

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Author Question: Conway's Hardware suffers 95,000 in fire damage. The building is valued at 450,000, and the owner ... (Read 104 times)

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