The Owner of Property Valued at $140,000 Insured the Property

question 29

Short Answer

The owner of property valued at $140,000 insured the property for $90,000 for one year at a premium rate of $4.80 per thousand. The policy contained a 90% coinsurance clause. A fire caused $63,000 in damage. How much more did the insurance company pay the property owner for repairs for fire damage than the property owner paid the insurance company in premiums that year?​

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Definitions:

Allele Frequencies

The proportionate occurrence of alleles within a population's gene pool, indicating genetic diversity and evolution trends.

Allele Frequency

The proportion of all copies of a particular gene in a population that are of a given allele variety.

Stabilizing Selection

Natural selection acting to promote stability rather than change in a population's gene pool.

Geographical Changes

Alterations in the earth's surface, including changes in landscapes, climate, and natural environments.