Property Valued at $150,000 Was Insured for $100,000

question 5

Short Answer

Property valued at $150,000 was insured for $100,000. The policy contained a 60% coinsurance clause. A fire caused $45,000 in damages. Compute the amount the insurance company paid for repairs.

---

Definitions:

Psychoanalytic Theory

A framework for understanding human behavior that stresses the importance of unconscious processes and childhood experiences in shaping personality and behavior.

Freely Say

The ability or permission to express thoughts and feelings openly and without censorship in a therapeutic setting.

Psychoanalyst

A mental health professional specialized in psychoanalysis, a therapeutic technique that explores unconscious desires, thoughts, and motivations.

Trivial Thought

Insignificant or inconsequential thinking that lacks depth or importance.