Coinsurance - Unit 1
by Georgetta Graham - I believe the formula is not correctly listed in the online class. Based on page 27 of the study manual it should read:
Loss x (Limit of Insurance / Value of Property x Coinsurance %) = Loss Settlement
The steps and example are correct but the graphic portayal needs tweaked...
Re: Coinsurance - Unit 1
by Caroline Beltran - Thank you for your addition of this post. I can see how mathematically either equation would work, but it is good to see the problem the way it should be listed.