Solved

Solve the Problem. -The Midtown Deli Building Has a Replacement Cost of $86,000

Question 84

Multiple Choice

Solve the problem.
-The Midtown Deli building has a replacement cost of $86,000 and is insured for $60,200. It suffers a fire loss of $5,600. Find the amount of loss paid by the company. Assume an 80% coinsurance clause.


A) $3,733
B) $4,900
C) $5,600
D) $4,480

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q79: Find the amount paid by each of

Q80: Provide an appropriate response.<br>-Describe the coinsurance clause

Q81: Find the tax in the following application

Q82: Find the assessed value for the property.<br>-Fair

Q83: Find the indicated tax rate.<br>-<img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8285/.jpg" alt="Find

Q85: Find the indicated premium. Round to the

Q86: Find the indicated premium. Round to the

Q87: Provide an appropriate response.<br>-Explain in your own

Q88: Find the amount paid by each insurance

Q89: Solve the problem.<br>-A taxpayer's property has a