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Title: A home with a replacement value of $343,000 is insured in a policy that contains an 80% coinsurance Post by: rolpace88 on May 19, 2015 A home with a replacement value of $343,000 is insured in a policy that contains an 80% coinsurance clause. The face value of the policy is $240,000. If a fire causes damage valued at $2000, find the amount of compensation to the owner by the insurance company.
A) $2000 B) $1600 C) $2286 D) $1749 Title: Re: A home with a replacement value of $343,000 is insured in a policy that contains an 80% coinsura Post by: Million on May 22, 2015 Content hidden
Title: Re: A home with a replacement value of $343,000 is insured in a policy that contains an 80% coinsurance Post by: rolpace88 on May 27, 2015 That is correct :)
Thx Title: Re: A home with a replacement value of $343,000 is insured in a policy that contains an 80% coinsurance Post by: Million on May 27, 2015 A thumbs up would be appreciated 8-)
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