juansoto227711
juansoto227711
24.02.2021 • 
Mathematics

#1. Jill owns a home that has a market value of $600,000 and a replacement value of $500,000. Her policy carries an 80% coinsurance penalty and a $1000 all perils deductible. Example #1. Her house burns down. She has insured the house for $400,000. As a result of the total loss, how much will her insurance pay? Please show your work.

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