Lisa has three fire insurance policies on her office, Ask an Expert

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Lisa has three fire insurance policies on her office building. The policy from company A is for $400,000, and the policies from companies B and C are for $100,000 each. If Lisa has a $360,000 loss, how much of the loss will be covered by each policy if the loss is settled on a pro rata basis by the insurers?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92414543

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