Xyz company insured its building on a replacement cost


XYZ Company insured its building on a replacement cost basis for $450,000 under a property insurance policy that included an 80 percent coinsurance clause. The building had a replacement cost of $500,000 when it sustained a $50,000 loss. How much will XYZ Company receive from its insurer, assuming no deductible applies?

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Financial Management: Xyz company insured its building on a replacement cost
Reference No:- TGS02403535

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