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DanLegal
DanLegal, Lawyer
Category: Legal
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Experience:  Partner at McCollum Hodgkinson, P.C.
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If an insurance policy has a coinsurance provision and is

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If an insurance policy has a coinsurance provision and is insuring a property worth $400,000 with an 80% required policy limit, what is the amount of claim that would be paid if 25% of the insured building is destroyed?
$80,000
$320,000
$300,000
$100,000

The answer is $100,000

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