Multiple Choice
A $40,000 fire insurance policy covers a building, which is valued at $50,000, and there is an 80% co-insurance clause. If the building is totally destroyed by fire, the policyholder will receive:
A) $50,000.
B) $40,000.
C) $32,000
D) $8,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: Property insurance may be either a valued
Q42: Which of the following is/are the criteria
Q43: An example of property that is intangible
Q44: At the end of a bailment, a
Q45: Personal property so firmly attached to real
Q47: If Jim, Ken, and Lee each deposit
Q48: Dr. Olson is a board-certified ophthalmologist who
Q49: Isabelle put a box of books in
Q50: All bills of lading are negotiable and
Q51: Harvey's Car Rental rents Darlene an intermediate-size