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QUESTION
Xyz company insured its building on a replacement cost basis for $450,000 under a property insurance policy that included an 80 percent coinsurance clause. the building had a replacement cost of $500,
Xyz company insured its building on a replacement cost basis for $450,000 under a property insurance policy that included an 80 percent coinsurance clause. the building had a replacement cost of $500,000 when it sustained a $50,000 loss. how much will xyz company receive from its insurer, assuming no deductible applies?
