The Jordan Company building was valued at 400,000 . The building ...

[laurencescou]

The Jordan Company building was valued at 400,000 . The building was insured for 200,000 . The policy contained an 80 coinsurance clause. A fire caused 180,00 . in damages. Compute the amount of the fire damage the Jordan Company had to pay.

Question 2

The Morgan Company warehouse was valued at 2,400,000 . The building was insured for 960,000 . The policy contained an 80 coinsurance clause. A fire caused 660,00 . in damages. Compute the amount the Morgan Company recovered from the insurance company for fire damage.

[juwms]

Answer to Question 1

67,500

Answer to Question 2

330,000