24 Hi Volt Electronics Had Multiple Carrier Fire Insurance Coverage In The Amount Of 500 000 As Follows Aetna State 1 (65.62 KiB) Viewed 31 times
24 Hi Volt Electronics Had Multiple Carrier Fire Insurance Coverage In The Amount Of 500 000 As Follows Aetna State 2 (86.61 KiB) Viewed 31 times
24. Hi-Volt Electronics had multiple carrier fire insurance coverage in the amount of $500,000, as follows: Aetna: State Farm: Liberty Mutual: $300,000 policy $125,000 policy $75,000 policy $500,000 total coverage Assuming that all coinsurance clause stipulations have been met, how much would each carrier be responsible for in the event of a $95,000 fire?
Level 2 Chapter 19 - Section II - Exercise 24 Hi-Volt Electronics had multiple carrier fire insurance coverage in the amount of $500,000, as follows: Aetna = State Farm = $300,000.00 policy $125,000.00 policy $75,000.00 policy Total coverage Liberty Mutual = Assuming that all coinsurance clause stipulations have been met, how much would each carrier be responsible for in the event of a $95,000 fire? Amount of loss = Carrier's percent of total coverage Aetna = State Farm = Liberty Mutual = Carrier's share of loss Aetna = State Farm = Liberty Mutual =
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