Gertrude owns a home with a replacement cost of $630,000, it would sell for $890,000 today, and
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Gertrude owns a home with a replacement cost of $630,000, it would sell for $890,000 today, and it has been appraised for tax purposes at $795,000. She has $480,000 of property insurance with an 80% coinsurance requirement. Gertrude suffers a loss of $85,000. How much will the insurance company pay (ignoring any deductible)? (Show as a whole number (rounded to the nearest dollar) with no symbols - E.g., 30,000).
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
Posted Date: