Multiple Choice
If the value of the property is $250,000, the coinsurance percentage for the property is 80%, the limit of insurance for the property is $100,000, and the deductible is $250.Calculate the amount paid by the insurer if the amount of loss of property is $40,000.
A) $38,750
B) $40,000
C) $98,750
D) $100,000
E) $19,750
Correct Answer:
Verified
Correct Answer:
Verified
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