Alphonse owns property worth $250,000 and carries $150,000 of insurance subject to an 80% co-insurance clause. Given a $20,000 loss to the property, calculate the indemnity to be paid by the insurer, and explain the significance of the co-insurance clause as it affects Alphonse.

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The Answer of Alphonse owns property worth $250,000 and carries $150,000 of insurance subject to an 80% co-insurance clause. Given a $20,000 loss to the property, calculate the indemnity to be paid by the insurer, and explain the significance of the co-insurance clause as it affects Alphonse.

Alphonse Owns Property Worth $250,000 and Carries $150,000 of Insurance