Solve the Problem. -The Midtown Deli Building Has a Replacement Cost of $86,000

question 84

Multiple Choice

Solve the problem.
-The Midtown Deli building has a replacement cost of $86,000 and is insured for $60,200. It suffers a fire loss of $5,600. Find the amount of loss paid by the company. Assume an 80% coinsurance clause.

• A)$3,733
• B)$4,900
• C)$5,600
• D)$4,480

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Definitions:

Child Abuse

The nonaccidental use of excessive physical or psychological force by an adult on a child, often aimed at hurting or destroying the child.

Nonaccidental

An event or action that is purposeful and intentional, not occurring by chance.

Excessive Force

The application of force in a degree or manner that is not necessary, reasonable, or proportional to the situation, often discussed in the context of law enforcement.

Psychological Force

The influence or power of psychological factors or processes on an individual's behavior or mental state.