ABC company insured its building on a replacement cost basic for 700,000

ABC Company insured its building on a replacement cost basis for $700,000 under a prope policy that included an 80 percent coinsurance clause. The building had a replacement cost when it sustained a $40,000 loss. How much will ABC Company receive from its insurer, as deductible applies? $40.000 $33,333 $35.000 $36.000 Question 12 (1 point) Which of the following statements about underwriting policy is (are) true? 1. A company must establish an underwriting policy consistent with company objectives. II. Underwriting policy is usually subjective and allows the underwriter considerable flexibility with to lines written and forms used. neither l nor II llooly ABC Company insured its building on a replacement cost basis for $700,000 under a prope policy that included an 80 percent coinsurance clause. The building had a replacement cost when it sustained a $40,000 loss. How much will ABC Company receive from its insurer, as deductible applies? $40.000 $33,333 $35.000 $36.000 Question 12 (1 point) Which of the following statements about underwriting policy is (are) true? 1. A company must establish an underwriting policy consistent with company objectives. II. Underwriting policy is usually subjective and allows the underwriter considerable flexibility with to lines written and forms used. neither l nor II llooly