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Bob has a $600,000 home insured for $450,000, based on the 80% co insurance provision. A. How much would the insurance company pay on a

Bob has a $600,000 home insured for $450,000, based on the 80% co insurance provision.

A. How much would the insurance company pay on a $20,000 claim?

Amount paid $________

B. If the claim was for $300,000, how much would the insurance company pay out?

Pay out $_________

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