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Business, 14.10.2020 23:01 justijust500

A house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $101,250. They then have a loss that results in a $50,000 claim. They will receive $ .00 from insurance. I got $21093.75 but it says I'm incorrect? Please help.

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A house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $1...
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