A hurricane caused 465000 in damages to a building owned by

A hurricane caused $465,000 in damages to a building owned by Cane Consulting. The building was insured by several carriers for a total of $950,000 and all coinsurance requirements were met. If Supreme Insurance is providing $475,000 of the total coverage, what is their share of the loss?

a. $465,000

b. $455,211

c. $232,500

d. $387,962

Solution

C.$232,500

A hurricane caused $465,000 in damages to a building owned by Cane Consulting. The building was insured by several carriers for a total of $950,000 and all coin

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site