Brian’s Toy Store building is worth $600,000.00 and is insured for $420,000.00. Assuming an 80 percent coinsurance clause and that a fire caused $170,000.00 damage, the liability of the insurance company is
$148,750.00.

$119,000.00.

$148,570.00.

$191,000.00.

to get this, you would start by finding 80% of your property replacement value. then you would divide the actual coverage amount by that 80% that should be covered. you get 87.5%. You then multiply this by the value of the loss to get your reimbursement value, which comes out to A. 148,750

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Brian’s Toy Store building is worth $600,000.00 and is insured for $420,000.00. Assuming an 80 percent coinsurance clause and that a fire caused $170,000.00 damage, the liability of the insurance company is $148,750.00. $119,000.00. $148,570.00. $191,000.00.

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Brian’s Toy Store building is worth $600,000.00 and is insured for $420,000.00. Assuming an 80 percent coinsurance clause and that a fire caused $170,000.00 damage, the liability of the insurance company is
$148,750.00.

$119,000.00.

$148,570.00.

$191,000.00.