The Swails Have an 80 Percent Co-Insurance Policy on Their

Essay

The Swails have an 80 percent co-insurance policy on their $100,000 home.Explain what this means.If they have an 80 percent co-insurance clause,a policy for $80,000,and suffer a covered loss of $40,000,how much will the insurer pay? If they have an 80 percent co-insurance clause,a $60,000 policy,and suffer a loss of 25% of their property,how much will the insurer pay?