The replacement cost of a home is $72,500. It is insured for $50,000 with an 80% coinsurance

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The replacement cost of a home is $72,500. It is insured for $50,000 with an 80% coinsurance clause. If a fire causes $62,000 in damages, how much of the damages will the policy cover?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 02:06 AM

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The replacement cost of a home is $72,500. It is insured for $50,000 with an 80% coinsurance

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Business Math

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