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6. Suppose Jason owns three buildings, each having an insurable value of $1 million. The specific limits of insurance are: $0.8 million on building 1:
6. Suppose Jason owns three buildings, each having an insurable value of $1 million. The specific limits of insurance are: $0.8 million on building 1: $0.8 million on building 2 ; and $0.8 million on building 3 . If Jason suffered a loss of $2.4 million ( $1 million on building 1,$0.9 million on building 2, and $0.5 million on building 3 ), he would collects million from the insurer (suppose there is no deductible and the coinsurance is 80% ) (round to the nearest tenth)
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