Question
You have a building values at $300,000. It is insured for $240,000 value. A covered cause of loss happened and caused $10,000 loss. The policy
You have a building values at $300,000. It is insured for $240,000 value. A covered cause of loss happened and caused $10,000 loss. The policy has a $5,000 deductible. Please calculate the amount payable with the following two scenarios : Scenario 1 : Co-insurance requirement = 80% Scenario 2 : Co-insurance requirement = 90%
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Mathematical Finance Core Theory Problems And Statistical Algorithms
Authors: Nikolai Dokuchaev
1st Edition
0415414482, 978-0415414487
