What amount will be paid by insurance company for loss

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Reference no: EM131344246

The insurance carrier used by Pinnacle Computer Systems specifies 65% coinsurance. The company recently incurred $420,000 in damages from flooding. The building was valued at $625,000, but was only insured for $320,000. What amount will be paid by the insurance company for the loss? (Round your answer to the nearest cent)

a. $411,240.59

b. $626,000.00

c. $292,400.00

d. $330,830.77

Reference no: EM131344246

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