This topic contains a solution. Click here to go to the answer

Author Question: Guiseppe's restaurant is valued at 182,000. The shop is insured for 130,000. Guiseppe has an 80 ... (Read 44 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
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
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


kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

For a complete list of videos, visit our video library