can anyone explane to me about how to get to the loss settlement???
Determine the amount of settlement if an insured has $60,000 insurance coverage on a building that is valued at $100,000. An 80% coinsurance applies. A $24,000 loss occurs.
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Determine the amount of settlement if an insured has $60,000 insurance coverage on a building that is valued at $100,000. An 80% coinsurance applies. A $24,000 loss occurs.