medium · Certified Financial Planner Risk Management
The Ishikawa family home has a replacement cost of $800,000. They carry $500,000 of Coverage A with an 80% coinsurance requirement and a $5,000 deductible. A fire causes $100,000 of damage.
What is the total recovery from the insurance company?
- $73,125
- $57,500
- $74,218
- $95,000
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