A home valued at $295,000 is insured in a policy that contains an 80 coinsurance clause The face value of the policy is $100,000 If the home is a total loss, what is the amount of compensation ...

A home valued at $295,000 is insured in a policy that contains an 80% coinsurance clause. The

Question:

A home valued at $295,000 is insured in a policy that contains an 80% coinsurance clause. The of the policy is $100,000. If the home is a total loss, what is the amount of compensation? Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...