Kenny owns Mania, LLC. He has a BPP with a $300,000 building limit and a $150,000 business personal property limit. Both coverages have an 80% coinsurance provision. Further, Kenny has a $1000 deductible. 

If Kenny has a covered loss of $290,000 to his building, and the insurer determines that the value of his building was $420,000. 

How much can Kenny expect to receive from his insurer?

Answer rating: 100% (QA)

To calculate the insurance payout we first need to determine if Kenny had enough insurance coverage ... View the full answer