4. Calculations. Points as indicated. You must show your work to receive credit for your answer. It is in your best interest to show your work as partial credit may be awarded. c. Culbreath Company purchased a building to store finished goods. They insured the building for $150,000 under a property insurance policy that included an 80 percent coinsurance clause and a $500 deductible. When the building was valued at $200,000 it was damaged by a fire. The damage was $50,000. Assuming fire is a covered peril, how much will Culbreath Company receive from their insurer to settle this claim? (2 points) d. Jennings Company has a general liability insurance policy with Insurer #1 with a $50,000 per- occurrence limit. Jennings has a second general liability insurance policy with another insurer (Insurer #2) with a $250,000 per-occurrence limit. A customer was injured at a Jennings store, and Jennings was ordered pay $90,000 in damages to the injured customer. Assuming both policies would cover the claim, how would the claim be settled on a pro-rata liability basis? Clearly indicate how much would be paid under Policy #1 and under Policy #2. (2 points)