Luigi's Pizzeria has insured its building with multiple companies for a total of $342,000, of which $132,400 is with Rockford's. Assuming that all coinsurance requirements have been met, how much would Rockford's be responsible for in the event of a $152,000 fire?

Question

Quizplus · Accepted Answer

The Answer of Luigi's Pizzeria has insured its building with multiple companies for a total of $342,000, of which $132,400 is with Rockford's. Assuming that all coinsurance requirements have been met, how much would Rockford's be responsible for in the event of a $152,000 fire?

Luigi's Pizzeria Has Insured Its Building with Multiple Companies for a Total