The insurance carrier used by Sharma Kennels specifies 90% coinsurance. The company recently incurred $455,000 in damages from a tornado. The building was valued at $610,000, but was only insured for $507,000. What will be paid by the insurance company for the loss (in $)? Round your answer to the nearest cent. $

Answer rating: 100% (QA)

To calculate the amount that will be paid by the insurance company for the loss we need to consider ... View the full answer