The insurance carrier used by waynes pool service specifies, Ask an Expert

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The insurance carrier used by Wayne's Pool Service specifies 65% coinsurance. The company recently incurred $233,000 in damages from a tornado. The building was valued at $390,000, but was only insured for $209,000. What will the insurance company pay for the loss?

a) $144,460.00

b) $192,098.62

c) $209,000.00

d) $233,000.00

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92372319

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