An insurance company has a standard coinsurance clause of 90%. Compute the amount of insurance coverage the owner of a building valued at $1,060,000 must carry in order to avoid being the bearer of part of the insurance.

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An insurance company has a standard coinsurance clause of 90%. Compute the amount of insurance coverage the owner of a building valued at $1,060,000 must carry in order to avoid being the bearer of part of the insurance.​

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The Answer of An insurance company has a standard coinsurance clause of 90%. Compute the amount of insurance coverage the owner of a building valued at $1,060,000 must carry in order to avoid being the bearer of part of the insurance.​

An Insurance Company Has a Standard Coinsurance Clause of 90