david owns a commercial building with a replacement cost of $4 million. the building is insured on a replacement cost basis for $2.4 million under a fire insurance policy that has an 80 percent coinsurance clause. how much will david collect if the building sustains a covered fire loss with a replacement cost of $80,000?

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02-11-2022
Business

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david owns a commercial building with a replacement cost of $4 million. the building is insured on a replacement cost basis for $2.4 million under a fire insurance policy that has an 80 percent coinsurance clause. how much will david collect if the building sustains a covered fire loss with a replacement cost of $80,000?

Sagot :

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