Find the amount to be paid by the insurance company. Assume the policy includes an 80% coinsurance clause. Round to the nearest dollar.
-Replacement Cost of Building: $50,000
Face Value of Policy: $30,000
Amount of Loss: $2,800
A) $1,680
B) $2,100
C) $2,240
D) $2,800
Correct Answer:
Verified
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