The Insurance Carrier Used by Best Security Systems Specifies 75

question 88

Multiple Choice

The insurance carrier used by Best Security Systems specifies 75% coinsurance. The company recently incurred $696,000 in damages from a tornado. The building was valued at $877,000, but was only insured for $606,000. What amount will be paid by the insurance company for the loss? (Round your answer to the nearest cent)

• A) $696,000.00
• B) $641,240.59
• C) $578,495.07
• D) $592,750.00

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Definitions:

Vertebra Prominens

The seventh cervical vertebra (C7) characterized by its long and prominent spinous process.

Hyoid Bone

A U-shaped bone in the neck that supports the tongue and provides attachment points for muscles associated with swallowing and speech.

Occipital Ridge

A ridge on the external surface of the occipital bone of the skull, important for muscle attachment and structural integrity.

Deltoid

A triangular muscle of the shoulder that is responsible for lifting the arm and giving the shoulder its range of motion.