TheWidget Manufacturing Company insures its plant against loss by fire for $900,000, under a policy with an

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TheWidget Manufacturing Company insures its plant against loss by fire for $900,000, under a policy with an 80 percent coinsurance clause. At the time that a $600,000 loss takes place, it is determined the building is worth

$1,250,000. How much will the insurer pay? How much would be paid in the event of a total loss?

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