Naomi owned an inventory of widgets worth $100 000. She purchased $40 000 worth of property insurance from Huron Insurance Co. That policy contained a co- insurance clause that required at least 80 percent coverage. A flood caused extensive damage to Naomi's widgets. Naomi will be entitled to receive a benefit of $20 000 if the flood caused damage worth

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The Answer of Naomi owned an inventory of widgets worth $100 000. She purchased $40 000 worth of property insurance from Huron Insurance Co. That policy contained a co- insurance clause that required at least 80 percent coverage. A flood caused extensive damage to Naomi's widgets. Naomi will be entitled to receive a benefit of $20 000 if the flood caused damage worth

Naomi Owned an Inventory of Widgets Worth $100 000