Property insurance policy

Reference no: EM13171603

A property insurance policy is written with a 90 percent coinsurance clause and a policy limit of $45k. The actual replacement cost of the structure, less depreciation is found to be $100k. What amount maybe collected under this policy in the event of the following losses?
a-$1,000 b-$5K, C-$50K, D $80K, or E-$90K , please explain

Reference no: EM13171603

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