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shmannix shmannix
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Posts: 383
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6 years ago
Hillview, Inc had property valued at 1,560,000 and insured for 936,000. The fire insurance policy contained an 80 coinsurance clause. Hillview suffered a 280,000 fire loss. How much would be paid by the insurance company?

Q. 2

When a note is noninterest-bearing, the maturity value equals the ____________________.
 Fill in the blank(s) with correct word

Q. 3

Medical Arts Center had property valued at 380,000 and insured for 285,000. The fire insurance policy contained a 75 coinsurance clause. Medical Arts had water damage of 82,000. How much of this damage will be paid by the insurance company?

Q. 4

____________________ interest has become known as the banker's rule.
 Fill in the blank(s) with correct word

Q. 5

Actors Limited had property valued at 600,000 and insured for 425,000. The fire insurance policy contained an 75 coinsurance clause. What was the coverage ratio? (Round to the nearest percent)
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1 Reply

Related Topics

Replies
wrote...
6 years ago
Ans. #1

210,000

Ans. #2

principal

Ans. #3

82,000

Ans. #4

Ordinary

Ans. #5

94
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