1. Under the insurance contractual provision of Coinsurance for property coverage, calculate the amount that the insurance company would pay in the following case (no deductible applies).

• Building has current actual cash value of $4 million
• The policy has a 90% coinsurance clause
• The building owner insures the building for $2.52 million
• A $400,000 loss occurs

Answer rating: 100% (QA)

To calculate the amount that the insurance company would pay in this case we need to determine if th... View the full answer