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The fire insurance policy on Lian's home contained a 50 percent coinsurance clause. Lian's home had a fair market value of $300,000. The face amount
The fire insurance policy on Lian's home contained a 50 percent coinsurance clause. Lian's home had a fair market value of $300,000. The face amount of the policy covering the home was $90,000. A hostile fire caused $90,000 worth of damage to the home. To what amount is Lian entitled? Multiple Choice $54,000 $45,000 $90,000 $300,000
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