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rolpace88 rolpace88
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8 years ago
A home with a replacement value of $343,000 is insured in a policy that contains an 80% coinsurance clause. The face value of the policy is $240,000. If a fire causes damage valued at $2000, find the amount of compensation to the owner by the insurance company.
A) $2000
B) $1600
C) $2286
D) $1749
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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#1
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8 years ago
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rolpace88 Author
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#2
8 years ago
That is correct Slight Smile

Thx
wrote...
#3
8 years ago
A thumbs up would be appreciated Smiling Face with Glasses
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