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Comcast, Inc. had property valued at $1,560,000 and insured for $936,000. The fire insurance policy contained an 80% coinsurance clause. Comcast suffered a $280,000 fire
Comcast, Inc. had property valued at $1,560,000 and insured for $936,000. The fire insurance policy contained an 80% coinsurance clause. Comcast suffered a $280,000 fire loss. How much would be paid by the insurance company?
Group of answer choices
$210,000
$280,000
$224,000
$56,000
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