The Insurance Carrier Used By Sharma Kennels Specifies 90 Coinsurance The Company Recently Incurred 455 000 In Damage 1 (33.64 KiB) Viewed 13 times
The Insurance Carrier Used By Sharma Kennels Specifies 90 Coinsurance The Company Recently Incurred 455 000 In Damage 2 (29.87 KiB) Viewed 13 times
The insurance carrier used by Sharma Kennels specifies 90% coinsurance. The company recently incurred $455,000 in damages from a tornado. The building was valued at $630,000, but was only insured for $531,000. What will be paid by the insurance company for the loss (in $)? Round your answer to the nearest cent. $
A hurricane caused $183,000 in damages to a building owned by Dreamscape Landscaping. The building was insured by several carriers for a total of $480,000 and all coinsurance requirements were met. If Erie Insurance Group is providing $144,000 of the total coverage, what is their share of the loss (in $)? $
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