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

Author Question: Guiseppe's restaurant is valued at 182,000. The shop is insured for 130,000. Guiseppe has an 80 ... (Read 48 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jun 24, 2018
Guiseppe's restaurant is valued at 182,000. The shop is insured for 130,000. Guiseppe has an 80 coinsurance policy, and they have a fire which causes 150,000 in damage. How much will Guiseppe have to personally pay for damages?

Question 2

The Dairy Barn has an 80 property coinsurance policy on their building, valued at 60,000. The store suffers 22,000 in fire damage. The owners have insuranced the store for 40,000. How much will the insurance company pay?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

16,500;

Answer to Question 2

18,260; 60,000  0.80 = 48,000; 40,000  48,000


Evvie72

  • Member
  • Posts: 519
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Jacob Lawrence, Barber Shop. Jacob Lawrence, Barber Shop.
By age 3, children develop scripts for common events such as eating at a restaurant. By age 3, children develop scripts for common events such as eating at a restaurant.
A first aid box should be centrally located in the shop and kept stocked with the recommended ... A first aid box should be centrally located in the shop and kept stocked with the recommended ...
Connect shop air to the canister and adjust the air pressure regulator to the desired setting. ... Connect shop air to the canister and adjust the air pressure regulator to the desired setting. ...
Shop Smart Shop Smart
June’s bike shop Grade 1 Reading June’s bike shop Grade 1 Reading
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library