Chirag's Greenhouse owns a building valued at $225,000, but has decided to insure it for only $110,000. His insurance policy stipulates coinsurance of 50%. If a fire were to cause $170,000 in damage, how much would the insurance company pay on the claim?

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The Answer of Chirag's Greenhouse owns a building valued at $225,000, but has decided to insure it for only $110,000. His insurance policy stipulates coinsurance of 50%. If a fire were to cause $170,000 in damage, how much would the insurance company pay on the claim?

Chirag's Greenhouse Owns a Building Valued at $225,000, but Has