help asap A building worth $200,000, insured for $100,000 with an 80% co-insurance clause, is damaged by fire to the extent of$80,000. How much will the insurer pay?OA) $125,000.00OB) $100,000.00OC) $80,000.00OD) $50,000.00 OA) $125,000.00OB) $100,000.00OC) $80,000.00OD) $50,000.00Go To Next Question >>>remainingA building worth $200,000, insured for $100,000 with an 80% co-insurance clause, is damaged by fire to the extent of$80,000. How much will the insurer pay?Question 6 of 116 Part 1 of 1Language: English FrançaisFont Size:A

With an 80% co-insurance clause, the insured must maintain coverage for at least 80% of the…

A building worth $200,000, insured for $100,000 with an 80% co-insurance clause, is damaged by fire to the extent of $80,000. How much will the insurer pay? OA) $125,000.00 OB) $100,000.00 OC) $80,000.00 OD) $50,000.00

A building worth $200,000, insured for $100,000 with an 80% co-insurance clause, is damaged by fire to the extent of $80,000. How much will the insurer pay? OA) $125,000.00 OB) $100,000.00 OC) $80,000.00 OD) $50,000.00

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter8: Depreciation And Sale Of Business Property

Section: Chapter Questions

Problem 21MCQ: Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before...

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Concept explainers

Property Insurance

Property insurance protects property from unforeseeable loss or damage and covers property owners' liability. Property insurance provides financial compensation to the property owner or renter in the event of damage or theft, as well as to someone other than the owner or renter if that person is injured on the property. Property insurance covers all risks of damage caused by theft, fire, flood, cyclones, lighting, and natural calamities, among other things. The primary goal of property insurance is to require the property owner to cover the loss. A monthly premium is paid to the insurance company, and in exchange, the insurance company pays for damage based on the agreement stated in the policy. Property insurance protects assets such as a vehicle, auto, car, rental home, house, and valuable property.

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help asap

A building worth $200,000, insured for $100,000 with an 80% co-insurance clause, is damaged by fire to the extent of
$80,000. How much will the insurer pay?
OA) $125,000.00
OB) $100,000.00
OC) $80,000.00
OD) $50,000.00

OA) $125,000.00
OB) $100,000.00
OC) $80,000.00
OD) $50,000.00
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A building worth $200,000, insured for $100,000 with an 80% co-insurance clause, is damaged by fire to the extent of
$80,000. How much will the insurer pay?
Question 6 of 116 Part 1 of 1
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