Under the insurance contractual provision of Coinsurance for property coverage, calculate the amount that the insurance company
Fantastic news! We've Found the answer you've been seeking!
Question:
- Under the insurance contractual provision of Coinsurance for property coverage, calculate the amount that the insurance company would pay in the following case (no deductible applies).
- Building has current actual cash value of $4 million
- The policy has a 90% coinsurance clause
- The building owner insures the building for $2.52 million
- A $400,000 loss occurs
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: