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Calculate the loss payment: ACV of covered building at time of loss: $ 3 0 0 , 0 0 0 Limit of coverage: $ 2

Calculate the loss payment:
ACV of covered building at time of loss: $300,000
Limit of coverage: $200,000
Amount of insurance required: $240,000
Coinsurance percentage: 80%
Amount of loss: $50,000
Deductible: $500

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