Question
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?
A. $499,000
B. $500,000
C $600,000
D. $599,000
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Auditing Your Human Resources Department A Step By Step Guide To Assessing The Key Areas Of Your Program
Authors: John H. McConnell
2nd Edition
0814416616, 978-0814416617
