Dana owns a building that she purchased for $600,000. Its current replacement cost is $2 million. The building is covered up to $1,000,000 for fire-related perils by ZRP Insurance Company, with an 80% coinsurance provision and a $2,000 deductible. Last week, a fire broke out in the building, causing $900,000 in covered damage. What will ZRP Insurance Company pay for this loss?  

Answer rating: 100% (QA)

To determine how much ZRP Insurance Company will pay for the loss due to the fire in the building we ... View the full answer