The owner of property valued at 150,00 . insured the property for 75,00 . for one year at a premium ...

The owner of property valued at 150,00 . insured the property for 75,00 . for one year at a premium rate of 4.90 per thousand. The policy carried a 75 coinsurance clause. A fire caused 56,250 in damages. Compute the amount the property insurance and repairs for fire damage cost the insured that year.

Q. 2

Property valued at 200,00 . was insured for 140,000 . The policy contained a 60 coinsurance clause. A fire caused 150,00 . in damages. Compute the amount the property owner must pay if the property is repaired for 150,000.

Q. 3

Property valued at 3,800,00 . was insured for 3,100,000 . The policy contained an 80 coinsurance clause. A fire caused 215,500 in damages. Compute the amount the property owner must pay if the property is repaired for 215,500.

Q. 4

Property valued at 172,00 . 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.

Q. 5

Property valued at 150,00 . was insured for 100,000 . The policy contained a 60 coinsurance clause. A fire caused 45,00 . in damages. Compute the amount the insurance company paid for repairs.

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The owner of property valued at 150,00 . insured the property for 75,00 . for one year at a premium ...

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