Calculate the Amount to Be Paid by the Insurance Company

question 14

Short Answer

Calculate the amount to be paid by the insurance company for the claim. $$\begin{array} { l l l l l } \text { Replacement } & & & \text { Amount of Loss } \\\text { Value of } & \text { Face Value } & \text { Coinsurance } & \text { Amount } & \text { Insurance Co. } \\\text { Building } & \text { of Policy } & \text { Clause } & \text { of Loss } & \text { Will Pay } \\\$ 80,000 & \$ 54,000 & 75 \% & \$ 16,000 &\end{array}$$

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Definitions:

Recessive

Describing a gene that only expresses its trait when paired with an identical gene on the partner chromosome, often overshadowed by dominant genes.

Phenotype

The observable traits or characteristics of an organism, resulting from the interaction of its genotype with the environment.

Allele

One of two or more alternative forms of a gene that arise by mutation and are found at the same place on a chromosome.

Genotype

The genetic makeup of an organism, consisting of both visible and non-visible traits.