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Check my answer please! A house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $101,250. They then have a loss that results in a $50,000 claim. They will receive
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Check my answer please! A house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $101,250. They then have a loss that results in a $50,000 claim. They will receive $_____ .00 from insurance.

I got $21093.75 but it says I'm incorrect?

User Mark McClelland
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7 votes

Answer:

I've done the math and got 37,500.

User JiiB
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