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Find the amount of the loss, given the following information: Amount of insurance purchased: 400,000 Coinsurance requirement: 80% Property's insurable value at time of loss:
Find the amount of the loss, given the following information: Amount of insurance purchased: 400,000 Coinsurance requirement: 80% Property's insurable value at time of loss: 800,000 Property's insurable value at policy start: 700,000 Amount of loss paid by the insurer: 320,000
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