Calculate the amount the insurance company will pay:
$$\begin{array} { | l | l | l | l | l | }
\hline\begin{array} { l }
\text { Value of } \
\text { Property }
\end{array} & \begin{array} { l }
\text { Amount of } \
\text { Insurance }
\end{array} & \text { Policy } & \text { Actual Fire Loss } & \begin{array} { l }
\text { Amount Insurance } \
\text { Company will pay }
\end{array} \
\hline \$ 70,000 & \$ 40,000 & 80 \% \text { Co-Ins } & \$ 11,200 & \text { A } \
\$ 90,000 & \$ 50,000 & 80 \% \text { Co-Ins } & \$ 36,000 & \text { B } \
\hline
\end{array}$$

Question

Calculate the amount the insurance company will pay:
 $$\begin{array} { | l | l | l | l | l | } 
\hline\begin{array} { l } 
\text { Value of } \
\text { Property }
\end{array} & \begin{array} { l } 
\text { Amount of } \
\text { Insurance }
\end{array} & \text { Policy } & \text { Actual Fire Loss } & \begin{array} { l } 
\text { Amount Insurance } \
\text { Company will pay }
\end{array} \
\hline \$ 70,000 & \$ 40,000 & 80 \% \text { Co-Ins } & \$ 11,200 & \text { A } \
\$ 90,000 & \$ 50,000 & 80 \% \text { Co-Ins } & \$ 36,000 & \text { B } \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the amount the insurance company will pay:
 $$\begin{array} { | l | l | l | l | l | } 
\hline\begin{array} { l } 
\text { Value of } \
\text { Property }
\end{array} & \begin{array} { l } 
\text { Amount of } \
\text { Insurance }
\end{array} & \text { Policy } & \text { Actual Fire Loss } & \begin{array} { l } 
\text { Amount Insurance } \
\text { Company will pay }
\end{array} \
\hline \$ 70,000 & \$ 40,000 & 80 \% \text { Co-Ins } & \$ 11,200 & \text { A } \
\$ 90,000 & \$ 50,000 & 80 \% \text { Co-Ins } & \$ 36,000 & \text { B } \
\hline
\end{array}$$

Calculate the Amount the Insurance Company Will Pay