Property valued at $172,000 was insured for $100,000. The policy contained a 90% coinsurance clause. ...

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Property valued at $172,000 was insured for $100,000. The policy contained a 90% coinsurance clause. ...

Property valued at $172,000 was insured for $100,000. The policy contained a 90% coinsurance clause. A fire caused $77,400 in damages. Compute the amount the insurance company paid for repairs.

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Contemporary Business Mathematics for Colleges

Edition: 16^th

Authors: Deitz, Southam

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