Hi-Volt Electronics had multiple carrier fire insurance coverage in the amount of $500,000, as follows: 11eb829a_90f6_a67c_afe7_7b86a6e0a10f_SM2244_00 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

Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

Edition 8ISBN: 978-1305585454

Edition 8ISBN: 978-1305585454

Exercise 24

Hi-Volt Electronics had multiple carrier fire insurance coverage in the amount of $500,000, as follows:

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

Explanation

Verified

It is known that,
In this problem, tot...