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Author Question: Patrick is planning on buying a restaurant valued at 235,000. If Patrick buys an 80 coinsurance ... (Read 213 times)

kwoodring

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on: Jun 24, 2018
Patrick is planning on buying a restaurant valued at 235,000. If Patrick buys an 80 coinsurance policy, how much coverage will he have for the restaurant?

Question 2

The Weinmans own a clothing store which they cover with an 80 coinsurance policy. If the value of the hardware store is 124,000, what is the Weinman's amount of coverage?


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javimendoza7

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Reply #1 on: Jun 24, 2018
Answer to Question 1

188,000; 235,000  0.80 = 188,000

Answer to Question 2

99,200; 124,000  0.80 = 99,200


kwoodring

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Reply #2 on: Jun 24, 2018
Thank you :)


javimendoza7

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Reply #3 on: Jun 24, 2018
Happy to help you


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