Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / You must show your work to receive credit for your answer
You must show your work to receive credit for your answer. It is in your best interest to show your work as partial credit may be awarded.
Allen Company purchased a storage building for finished goods. They insured the building for $300,000 under a property insurance policy that included an 80 percent coinsurance clause and a $500 deductible. When the building was valued at $400,000, a windstorm caused $48,000 in damage to the building. Assuming “wind” is a covered peril, how much will Allen Company receive from their insurer to settle this claim?
