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21. The Red Furniture Company claims a distribution centre esteemed at $90,000, loaded with furniture worth an extra $200,000. The organization protects the distribution centre
21. The Red Furniture Company claims a distribution centre esteemed at $90,000, loaded with furniture worth an extra $200,000. The organization protects the distribution centre for $50,000 furthermore, the substance for $150,000, with a protection strategy containing a 80% coinsurance proviso. In the event that a fire obliterated 2/3 of the structure and 1/2 of its substance, what amount did the insurance agency pay on the misfortune? What was the complete misfortune to the Furniture organization
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