Mandren Inc. has a fire insurance policy from the Blundi Insurance Company with a 90% coinsurance clause based on replacement cost. The replacement cost of the building is $600,000. The face amount of the policy Mandren purchases is $400,000. If a covered loss in the amount of $200,000 occurs, how much will Mandren collect from their insurer? (round to nearest dollar)  

Answer rating: 100% (QA)

Calculating Mandrens Reimbursement from Blundi Insurance Mandrens Situation Replacement cos... View the full answer