Chapter 19.II, Problem 14RE

To determine

To calculate: The value of amount to be paid by the insurance company from the provided option the replacement value of the building is $\$\text{43,0000}$, face value of the policy is $\$\text{225,000}$ and coinsurance clause is $70\text{\%}$, amount of the loss is $\$\text{15,0000}$.