Math Your friend owns a home that has a value of $180,000. Her insurance policy has an
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Math Your friend owns a home that has a value of $180,000. Her insurance policy has an 80 percent coinsurance clause. She has the property insured for $140,000. Later that year, a tree falls on her house during a storm, causing damages of $25,000. Compute the reimbursement that she will be able to collect.
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Managing Your Personal Finances
ISBN: 9781305076815
7th Edition
Authors: Joan S. Ryan, Christie Ryan
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