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
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