Saturday, July 19, 2014

Can someone help my with buisness math? -

Jason s homeowner s insurance policy contains an 80% clause. His house has a replacement cost of $150,000, but is insured for $90,000. A fire recently caused $30,000 worth of damage. How much of the loss should be covered by Jason s insurace company?

All of it.. because the amount of damage does not exceed the amount of actual coverage (72K)...

80% of $90k.

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