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August 31, 2015

Homework Help: business math

Posted by na name on Saturday, September 1, 2012 at 5:43pm.

The property of Alís garage is worth $300,000. Al has a fire insurance policy of $180,000 that contains an 80% coinsurance clause. What will the insurance company pay on a fire that causes $210,000 damage? If Al met the coinsurance requirement, how much would the insurance company have to pay

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