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Business, 20.12.2019 03:31 chloegrace359

Jones owns a restaurant building valued at $100,000. he carries $50,000 coverage with an 80% coinsurance clause. he has a fire with damage to the building of $40,000.
how much will he collect for the loss?
a. $40,000.
b. $32,000.
c. $25,000.
d. nothing,
since he has violated the coinsurance clause.

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