How much will the insurance company pay

Reference no: EM132644635

A commercial building that has a value of $600,000 is insured on a Broad Perils policy with a coverage limit of $400,000. and a deductible of $1,000.

Question 1: There is a fire loss in the amount of $250,000. There is an 80% co-insurance clause. How much will the insurance company pay?

Reference no: EM132644635

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