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Jake’s Garage owns a building with the replacement cost value of $400,000 at the time of...

Jake’s Garage owns a building with the replacement cost value of $400,000 at the time of a covered loss. If Jake’s Garage has the $300,000 limit of insurance on its building with 80% Coinsurance, RC, and $1,000 deductible, what is the amount Jake’s Garage paid by its insurer.

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keosha answered 2 years ago
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