Medical Arts Center had property valued at $380,000 and insured for $285,000. The fire insurance policy contained a 75% coinsurance clause. Medical Arts had water damage of $82,000. How much of this damage will be paid by the insurance company?

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The Answer of Medical Arts Center had property valued at $380,000 and insured for $285,000. The fire insurance policy contained a 75% coinsurance clause. Medical Arts had water damage of $82,000. How much of this damage will be paid by the insurance company?

Medical Arts Center Had Property Valued at $380,000 and Insured