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If Carissa Dalton has a $430,000 home insured for $336,000, based on the 80 percent coinsurance provision, how much would the
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Answer #1

Coinsurance provision shall be 80% of value of property (home). If sum insured by party is less than 80% value than they are responsible for difference value adjustment.

So, on claim of $18500 insurance company shall pay =

18500 x (336000/430000) = $14455.81​​​​​.

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