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

Author Question: The Faulkner Company building was valued at 450,000 . The building was insured for 400,000 . The ... (Read 205 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 24, 2018
The Faulkner Company building was valued at 450,000 . The building was insured for 400,000 . The policy contains an 80 coinsurance clause. A fire caused damages of 260,000 . Compute the amount the insurance company paid for damages.

Question 2

The owner of property valued at 140,00 . insured the property for 90,00 . for one year at a premium rate of 4.80 per thousand. The policy contained a 90 coinsurance clause. A fire caused 63,00 . in damage. How much more did the insurance company pay the property owner for repairs for fire damage than the property owner paid the insurance company in premiums that year?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yasmina

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 24, 2018
Answer to Question 1

260,000

Answer to Question 2

44,568


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jun 24, 2018
Gracias!

  • Member
  • Posts:
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Frank Gehry and Vlado Milunić, Rasin Building (a.k.a. the "Dancing House" or ... Frank Gehry and Vlado Milunić, Rasin Building (a.k.a. the "Dancing House" or ...
Building a Client Base Building a Client Base
Structure of a Fatty Acid Fatty acids are the building blocks of some lipids Structure of a Fatty Acid Fatty acids are the building blocks of some lipids
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
A farmer is building a new cylindrical silo that will hold 1800 cm3 of corn. Wha A farmer is building a new cylindrical silo that will hold 1800 cm3 of corn. Wha
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Methods that regulate pH

For a complete list of videos, visit our video library