Multiple Choice
An insured holds a $32,000 fire insurance policy on a building which is valued at $40,000,and on which there is an 80% co-insurance clause.If the building is totally destroyed by fire,the policyholder will receive:
A) $40,000.
B) $32,000.
C) $30,000.
D) $25,600.
Correct Answer:
Verified
Correct Answer:
Verified
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