Property Valued at $172,000 Was Insured for $100,000

question 47

Short Answer

Property valued at $172,000 was insured for $100,000. The policy contained a 90% coinsurance clause. A fire caused $77,400 in damages. Compute the amount the insurance company paid for repairs.

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Definitions:

Mirroring Technique

A communication method that involves imitating the body language, speech pattern, or attitude of another person to build rapport.

Breathing Pattern

The rhythm and rate at which an individual inhales and exhales, which can affect both mental and physical health.

Gender Difference

The distinctions in characteristics and behaviors typically associated with being male or female.

Communication Style

The characteristic ways in which an individual expresses themselves verbally and non-verbally when interacting with others.