Exam DISC-IA Practice Question 617
Study guide: Exam DISC-IA
A building worth $800,000 at the time of loss is insured for $500,000 under the BPP with an 80% coinsurance percentage and a $1,000 deductible. A fire causes a $64,000 loss. How much does the insurer pay?
- A) $39,000
- B) $49,000
- C) $49,218.75
- D) $63,000
Answer this question and see the worked solution