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Property valued at $3,800,000 was insured for $3,100,000. The policy contained an 80% coinsurance ...
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Property valued at $3,800,000 was insured for $3,100,000. The policy contained an 80% coinsurance ...
Property valued at $3,800,000 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.
Textbook
Contemporary Business Mathematics for Colleges
Edition:
16
th
Authors:
Deitz, Southam
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