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OBJECTIVE 4 D. Determine the amount paid by the insurance company on an 80% coinsurance fire insurance policy for each of the following properties. Coverage
OBJECTIVE 4 D. Determine the amount paid by the insurance company on an 80% coinsurance fire insurance policy for each of the following properties. Coverage is equal to 80% of property value. Round rate of recovery to the nearest whole percent before calculating the amount of insurance paid. Coverage Value Loss Insurance Paid 18. $120,000 $150,000 $90,000 19. $288,000 $360,000 $200,000 20. $108,540 $135,675 $20,000 21. $184,000 $230,000 $200,000
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