The Croyden Laundry company had multiple carrier fire insurance coverage on its plant and equipment in the amount of $3,750,000. The coverage was: $1,500,000 policy held by Metropolitan, $1,200,000 policy held by Kemper, and $1,050,000 held by Prudential. How much of a $326,400 loss would Kemper be responsible for?

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The Answer of The Croyden Laundry company had multiple carrier fire insurance coverage on its plant and equipment in the amount of $3,750,000. The coverage was: $1,500,000 policy held by Metropolitan, $1,200,000 policy held by Kemper, and $1,050,000 held by Prudential. How much of a $326,400 loss would Kemper be responsible for?

The Croyden Laundry Company Had Multiple Carrier Fire Insurance Coverage