The loss is settled on a pro rata basis by the insurers

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Reference no: EM131578187

Lisa has three fire insurance policies on her office building. The policy from company X is for $900,000, the policy from Company Y is for $500,000, and the policy from Company Z is for $150,000. If Lisa has a $1,000,000 loss, how much of the loss will be covered by the policy from Company Z if the loss is settled on a pro rata basis by the insurers?

Reference no: EM131578187

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