Luigi's Pizzeria Has Insured Its Building with Multiple Companies for a Total

question 21

Short Answer

Luigi's Pizzeria has insured its building with multiple companies for a total of $342,000, of which $132,400 is with Rockford's. Assuming that all coinsurance requirements have been met, how much would Rockford's be responsible for in the event of a $152,000 fire?

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Definitions:

Upward Mobility

The ability to move to a higher social or economic position.

Sexual Stereotyping

Generalized views or preconceptions about individuals or groups based on their sex, often leading to discriminatory practices.

Unusual Sexual Behaviors

Activities that deviate from societal norms or the typical sexual behavior engaged in by the majority.

Negative Outcomes

Refers to unfavorable or harmful results or effects stemming from actions, decisions, or situations.