Multiple Choice
An $80,000 fire insurance policy covers a building, which is valued at $100,000, and there is an 80% co-insurance clause.If the building is totally destroyed by fire, the policyholder will receive:
A) $80,000.
B) $100,000.
C) $20,000
D) $64,000
Correct Answer:
Verified
Correct Answer:
Verified
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