A Flood Caused $620,000 in Damages to a Building Owned

question 103

Multiple Choice

A flood caused $620,000 in damages to a building owned by Super Storage Inc. The building, valued at $1,035,000, was insured for $847,000 despite a coinsurance requirement of 90% in their policy. How much of the loss will be covered by the insurance company?

• A) $558,000.00
• B) $620,000.00
• C) $507,381.64
• D) $563,757.38

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Definitions:

Xiphoid Process

The smallest and most inferior part of the sternum, or breastbone, contributing to the definition of the lower boundary of the thoracic cavity.

False Ribs

The lower ribs (usually ribs 8 through 12) that are not directly attached to the sternum but are connected to the true ribs above them by cartilage.

Costal Cartilage

Bars of hyaline cartilage that extend the ribs anteriorly and contribute to the elasticity of the chest wall.

Sternum

A flat bone located in the center of the chest, connected to the ribs via cartilage, forming a major part of the rib cage and protecting vital organs in the thorax.