The Insurance Carrier Used by Pinnacle Computer Systems Specifies 65

question 95

Multiple Choice

The insurance carrier used by Pinnacle Computer Systems specifies 65% coinsurance. The company recently incurred $420,000 in damages from flooding. The building was valued at $625,000, but was only insured for $320,000. What amount will be paid by the insurance company for the loss? (Round your answer to the nearest cent)

• A) $626,000.00
• B) $411,240.59
• C) $330,830.77
• D) $292,400.00