How much insurance is graham entitled to collect

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Reference no: EM131390923

Graham owns a building having a fair market value of $120,000. She takes out a fire insurance policy from the Bentley Insurance Company for $72,000; the policy contains an 80 percent co-insurance clause.

The building is damaged by fire to the extent of $48,000. How much insurance is Graham entitled to collect?

Reference no: EM131390923

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