Property valued at 3,800,00 . was insured for 3,100,000 . The ...

[CharlieWard]

Property valued at 3,800,00 . was insured for 3,100,000 . The policy contained an 80 coinsurance clause. A fire caused 215,500 in damages. Compute the amount the property owner must pay if the property is repaired for 215,500.

Question 2

Property valued at 172,00 . was insured for 100,000 . The policy contained a 90 coinsurance clause. A fire caused 77,400 in damages. Compute the amount the insurance company paid for repairs.

[Carliemb17]

Answer to Question 1

215,500

Answer to Question 2

50,000