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Find the amount of the loss, given the following information: Amount of insurance purchased 400,000 Coinsurance requirement 80% Propertys 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% Propertys insurable value at time of loss 840,000 Propertys insurable value when policy was purchased 700,000 Amount of loss paid by the insurer 340,000

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