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Property valued at $200,000 was insured for $140,000. The policy contained a 60% coinsurance clause. ...
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Property valued at $200,000 was insured for $140,000. The policy contained a 60% coinsurance clause. ...
Property valued at $200,000 was insured for $140,000. The policy contained a 60% coinsurance clause. A fire caused $150,000 in damages. Compute the amount the property owner must pay if the property is repaired for $150,000.
Textbook
Contemporary Business Mathematics for Colleges
Edition:
16
th
Authors:
Deitz, Southam
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