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Daisha owns a small warehouse that is insured for $200,000 under a commercial property insurance policy. The policy contains an 80% coinsurance clause. The warehouse
Daisha owns a small warehouse that is insured for $200,000 under a commercial property insurance policy. The policy contains an 80% coinsurance clause. The warehouse sustained a $50,000 loss because of a fire in a storage area. The value of the warehouse at the time of loss is $500,000. What is the insurer's liability, if any, for this loss? Show your work
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