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Gridco, Incorporated ( Gridco ) owns the building in which its offices are located. On April 1 , Gridco insured the building with Olden Days

Gridco, Incorporated (Gridco) owns the building in which its offices are located. On
April 1, Gridco insured the building with Olden Days Insurance Company (Olden Days),
which issued a $200,000 face amount policy. The Olden Days policy contained a pro
rata clause. Keeping that policy in force, Gridco procured an additional policy on the
building on June 15. This policy, which had a $600,000 face amount and contained a
pro rata clause, was issued by Big City Insurance Corporation (Big City). On August 10,
while both policies were in force, lightning (a covered peril under each policy) struck
the Gridco building. This sparked a fire that resulted in $72,000 of damage to the
warehouse. Gridco has filed claims and proofs of loss with both Olden Days and Big
City. Which of the following indicates the correct amounts the respective insurers mus
pay Gridco?
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