Hi,
I still don't get the coinsurance formula
Amount of Settlement if an insured has $60,000 insurance coverage on a building valued at $ 100,000. An 80% coinsurance applies. A $ 24,000 loss occurs.
if someone can help me to understand how works I will appreciated
Lia
Hi,
I was just going through the coinsurance formula and got the answers wrong:-(. I imagine you already got past this section because you posted on 10/3/17, it is 10/19/17. I am going back to the beginning of the lesson later - taking a break at this time after practically going cross-eyed!
Joanne
Hi Lianet,
If you understood finally the Coinsurance formula, can you please explain it to me? Thank you.