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If Carissa Dalton has a $290,000 home insured for $224,000 , based on the 80 percent coinsurance provision, how much would the insurance company pay

If Carissa Dalton has a

$290,000

home insured for

$224,000

, based on the 80 percent coinsurance provision, how much would the insurance company pay on a claim of

$11,500

? Assume there is no deductible. (Do not round intermediate colculations. Round your answer to 2 decimal ploces.)

image text in transcribed
If Carissa Dalton has a $290,000 home insured for $224,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on a claim of $11,500 ? Assume there is no deductible. (Do not round intermediate calculations. Round your answer to 2 decimal places.) If Carissa Dalton has a $290,000 home insured for $224,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on a claim of $11,500 ? Assume there is no deductible. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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