You have a building values at $300,000 It is insured for $240,000 value A covered cause of loss happened and caused $10,000 loss The policy has a $5,000 deductible Please calculate the amount payable with the following two scenarios Scenario 1 Co insurance requirement 80 Scenario 2 Co insurance req...

To calculate the amount payable in each scenario we need to consider the coinsurance requirement and ...

You have a building values at $300,000. It is insured for $240,000 value. A covered cause of

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You have a building values at $300,000. It is insured for $240,000 value. A covered cause of loss happened and caused $10,000 loss. The policy has a $5,000 deductible.

Please calculate the amount payable with the following two scenarios:
Scenario 1: Co-insurance requirement = 80%
Scenario 2: Co-insurance requirement = 90%

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: May 19, 2023 01:58 AM

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You have a building values at $300,000. It is insured for $240,000 value. A covered cause of

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Business Math

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