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ABC Construction insures its commercial building at $500,000. The policy has an 80% coinsurance requirement and $1,000 deductible. The policy does not have inflation guard.
ABC Construction insures its commercial building at $500,000. The policy has an 80% coinsurance requirement and $1,000 deductible. The policy does not have inflation guard. At the time of a covered, total loss to the building, the value of the building was $600,000. How much will be paid on this loss?
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Based on the information provided ABC Construction is subject to a coinsurance penalty if the buildi...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
