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QUESTION 40 Assume a business owner carries a property insurance limit of $450,000 and a deductible of $5.000. The actual cash value of the property

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QUESTION 40 Assume a business owner carries a property insurance limit of $450,000 and a deductible of $5.000. The actual cash value of the property for this business owner is $500,000 and he/she carries a 80% coinsurance clause on their policy If the business sustained a covered property loss in the amount of $475,000, calculate the loss payment he/she could expect to receive. Make sure and show all work/calculations to receive full credit on this question. TTT Arial 3 (12pt) # TEE ik Path:p Words:0

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