Question: A home valued at $ 2 9 5 comma 0 0 0 2 9 5 , 0 0 0 is insured in a policy that

A home valued at
$295 comma 000295,000
is insured in a policy that contains an80% coinsurance clause. The face value of the policy is
$110 comma 000110,000.
If the home is a total loss, what is the amount of compensation?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!