Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started