Property valued at 150,00 . was insured for 100,000 . The policy ...

[roselinechinyere27m]

Property valued at 150,00 . was insured for 100,000 . The policy contained a 60 coinsurance clause. A fire caused 45,00 . in damages. Compute the amount the insurance company paid for repairs.

Question 2

Property valued at 140,00 . was insured for 90,000 . The policy contained an 80 coinsurance clause. A fire caused 56,00 . in damages. Compute the amount the insurance company paid for repairs.

[batool]

Answer to Question 1

50,000

Answer to Question 2

45,000

[roselinechinyere27m]

TYSM

[bigcheese9]

Thanks for the timely response, appreciate it