Center Hardware Shop is worth $240,000 and is insured for $130,000. Assuming an 80% coinsurance clause, what would the insurance company pay if a
Center Hardware Shop is worth $240,000 and is insured for $130,000. Assuming an 80% coinsurance clause, what would the insurance company pay if a fire caused $120,000 of damage to the shop? Insurance
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To calculate the insurance payout in this scenario we can use the concept of coinsurance ...See step-by-step solutions with expert insights and AI powered tools for academic success
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Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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