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A building worth ( $ 500,000 ) is insured for ( $ 300,000 ) with a ( 90 % ) co-insurance clause. A fire causes
A building worth ( $ 500,000 ) is insured for ( $ 300,000 ) with a ( 90 % ) co-insurance clause. A fire causes ( $ 200,000 ) damage. How much does the insurer pai?
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