A high end department store has a replacement cost of, Ask an Expert

Economics

A High End Department store has a replacement cost of $4,596,000. A fire caused $500,000 damage to the store's inventory. Find the amount the insurance company will pay if the store carried a policy with a face value of $3,500,000 and a coinsurance clause of 75%?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91341319

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