Bill owns a building and wants to insure it for $5 million. He places $3.5 million with company A, $2 million with company B, and $0.3 million with company C. How much does he receive from each company if a $8 million loss occurs and there is a pro-rata liability provision in place? How much does he receive from each company if a $8 million loss occurs and there is a contribution by equal shares provision in place?

A firm is insuring a house with an actual cash value of $200,000. They have insured this house for $185,000. How much would they receive from an insurer if a coinsurance clause is in place at the typical required rate and the loss is $175,000? How would the answer change if the house was insured for $150,000?