Question: A flood caused $ 6 0 2 , 0 0 0 in damages to a building owned by Garcia Engineering. The building, valued at $

A flood caused $602,000 in damages to a building owned by Garcia Engineering. The building, valued at $915,000, was insured for $686,000 despite a coinsurance requirement of 90% in their policy. How much of the loss will be covered by the insurance company? (Round your answer to the nearest cent)

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