Jacob's Funhouse Has Insured Its Building with Multiple Companies for a Total

question 77

Short Answer

Jacob's Funhouse has insured its building with multiple companies for a total of $529,000, of which $158,700 is with Fireman's. Assuming that all coinsurance requirements have been met, how much would Fireman's be responsible for in the event of a $226,000 fire?

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Definitions:

Perceiving

The cognitive process of interpreting sensory information from the environment.

Exam

A formal test of a person's knowledge or proficiency in a particular subject or skill.

Remembered

The process of recalling or retrieving previously learned information or past experiences from memory.

Eyewitness Testimony

The account a bystander or victim gives in court, detailing the events that took place during a crime.