Fernando's Choppers owns a building valued at $1,091,000, but has decided to insure it for only $587,000. Their insurance policy stipulates coinsurance of 70%. If a fire were to cause $516,000 in damage, how much would the insurance company pay on the claim?

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The Answer of Fernando's Choppers owns a building valued at $1,091,000, but has decided to insure it for only $587,000. Their insurance policy stipulates coinsurance of 70%. If a fire were to cause $516,000 in damage, how much would the insurance company pay on the claim?

Fernando's Choppers Owns a Building Valued at $1,091,000, but Has