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Find the amount of loss, given the following information: Amount of insurance purchased $300,000 Coinsurance Requirement 80% Property's insurable value at time of loss $400,000
Find the amount of loss, given the following information: Amount of insurance purchased $300,000 Coinsurance Requirement 80% Property's insurable value at time of loss $400,000 Property's insurable value when policy was purchased $350,000 Amount of loss paid by the insurer $150,000
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