Exam DISC-IA Practice Question 40

Study guide: Exam DISC-IA

A building worth $800,000 at the time of loss is insured under the ISO BPP for $480,000 with an 80% coinsurance clause and a $2,500 deductible. A fire causes a $120,000 loss. What does the insurer pay?

• A) $69,500
• B) $72,000
• C) $87,500
• D) $117,500

Answer this question and see the worked solution

Concepts tested

• Coinsurance
• Insurance to Value
• Building and Personal Property Coverage Form

More questions from this set

• Exam DISC-IA Practice Question 39
• Exam DISC-IA Practice Question 41