Logan's building has a replacement cost of $500,000 and his fire insurance policy has an 80% coinsurance clause.Logan has $200,000 of insurance on the building which is completely destroyed by fire.Discuss how much Logan will collect from the fire insurance policy.

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The Answer of Logan's building has a replacement cost of $500,000 and his fire insurance policy has an 80% coinsurance clause.Logan has $200,000 of insurance on the building which is completely destroyed by fire.Discuss how much Logan will collect from the fire insurance policy.

Logan's Building Has a Replacement Cost of $500,000 and His