Solved

Stoller Has a Building Worth $100,000 and Has $70,000 in Property

Question 32

Multiple Choice

Stoller has a building worth $100,000 and has $70,000 in property insurance with an 80 percent coinsurance clause. If she suffers a $10,000 loss, she will receive from her insurer


A) $1,250,
B) $10,000,
C) $8,750.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q27: All insurance contracts may be canceled at

Q28: Black has three policies from three companies

Q29: Match the descriptions with their terms:<br>-_ restrict

Q30: The cancellation clause gives the insurer the

Q31: Match the descriptions with their terms:<br>-A/An _

Q33: If Vazques has a $50 straight deductible

Q34: In property insurance, the purpose of coinsurance

Q35: Match the descriptions with their terms:<br>-Insurance that

Q36: It is necessary for insurance contracts to

Q37: Of the following types of insurance, the