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Business, 24.12.2019 01:31 sssaaavvvaaagggeee

Assume that the physical property of a business is valued at $50,000. the company’s commercial property policy contains a coinsurance clause with a stated percentage of 80 percent. the company insures the property for $30,000 (75 percent of the specified minimum). the company incurs a fire loss of $20,000. how much of the loss will the insurance company pay for?

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Assume that the physical property of a business is valued at $50,000. the company’s commercial prope...

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