A hurricane caused $183,000 in damages to a building owned by Dreamscape Landscaping. The building was insured by several carriers for a total of $480,000 and all coinsurance requirements were met. If Erie Insurance Group is providing $144,000 of the total coverage, what is their share of the loss (in $)?
A hurricane caused $183,000 in damages to a building owned by Dreamscape Landscaping. The building was insured by several carriers for a total of $480,000 and all coinsurance requirements were met. If Erie Insurance Group is providing $144,000 of the total coverage, what is their share of the loss (in $)?
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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A hurricane caused $183,000 in damages to a building owned by Dreamscape Landscaping. The building was insured by several carriers for a total of $480,000 and all coinsurance requirements were met. If Erie Insurance Group is providing $144,000 of the total coverage, what is their share of the loss (in $)?
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