Multiple Choice
Solve the problem.
-The Corner Cafe has a replacement cost of $232,000 and is insured for $174,000 with an 80% coinsurance clause. The building has a fire loss of $24,500. How much will the insurance company
Pay?
A) $18,375
B) $24,500
C) $27,563
D) $22,969
Correct Answer:
Verified
Correct Answer:
Verified
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