Riverside Roller Skating Had Property Valued at $435,000 and Insured

question 23

Short Answer

Riverside Roller Skating had property valued at $435,000 and insured for $225,000. The fire insurance policy contained an 80% coinsurance clause. What was the coverage ratio? (Round to the nearest tenth of a percent)

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Definitions:

Frustration Quotient

A term that may be used to measure the level of frustration experienced by individuals in certain situations, but it is not a widely recognized or standardized metric in psychology or organizational behavior. NO.

Psychological Consequences

The effects or outcomes on an individual's mental and emotional state due to certain events or conditions.

Behavioural

Related to the actions or reactions of individuals or groups in response to external or internal stimuli.

Physiological

Relating to the functions of living organisms and their parts.