Property Valued at $3,800,000 Was Insured for $3,100,000

question 51

Short Answer

Property valued at $3,800,000 was insured for $3,100,000. The policy contained an 80% coinsurance clause. A fire caused $215,500 in damages. Compute the amount the property owner must pay if the property is repaired for $215,500.

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Definitions:

Female Orgasmic Disorder

A dysfunction in which a woman persistently fails to reach orgasm, has very low intensity orgasms, or has very delayed orgasms.

Treatment

The management and care of a patient for the purpose of combating disease or disorder.

Gender Dysphoria

A disorder in which a transgender individual persistently experiences clinically significant distress or impairment due to his or her assigned gender.

Treatment Options

The range of therapies, interventions, or procedures available to manage or cure a condition or disease.