If the Value of the Property Is $500,000, the Coinsurance

question 69

Multiple Choice

If the value of the property is $500,000, the coinsurance percentage for the property is 80%, the limit of insurance for the property is $250,000, and the deductible is $3500.Calculate the amount paid by the insurer if the amount of loss of property is $90,000.

• A)$90,000
• B)$52,750
• C)$56,250
• D)$250,000
• E)$86,500

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