The amount of loss insurance company will pay if the replacement value of building is $ 260 , 000 and face value of the policy is $ 105 , 000 , coinsurance clause is 80 % and the amount of loss is $ 12000 .

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Chapter 19, Problem 15AT

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To calculate: The amount of loss insurance company will pay if the replacement value of building is $260,000 and face value of the policy is $105,000, coinsurance clause is 80% and the amount of loss is $12000.

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