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Question 22 Find the amount to be paid by the insurance company. Assume the policy includes an 80% coinsurance clause. Round to the nearest dollar.
Question 22
Find the amount to be paid by the insurance company. Assume the policy includes an 80% coinsurance clause. Round to the nearest dollar. Replacement Cost of Building: $302,000 Face Value of Policy: $211,000 Amount of Loss: $2000
$2000 | ||
$2286 | ||
$1600 | ||
$1747 |
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