Problem

Abby Ellen's toy store is worth $400,000 and is insured for $200,000. Assume an 80% co...

Abby Ellen's toy store is worth $400,000 and is insured for $200,000. Assume an 80% coinsurance clause and that a fire caused $190,000 damage. What is the liability of the insurance company?

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Solutions For Problems in Chapter 20