Exam DISC-RM Practice Question 216
Study guide: Exam DISC-RM
A building is insured for $1,200,000 under a commercial property policy with an 80% coinsurance clause and a $5,000 deductible. At the time of a fire, the building's value on the policy's valuation basis is $2,000,000, and the loss is $400,000. How much does the insurer pay?
- A) $235,000
- B) $295,000
- C) $296,250
- D) $395,000
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