Concept explainers
(a)
To calculate: How much Kemper will be responsible for in the event of a $430,000 fire, if in the total coverage of $2,960,000 Kemper has a policy of $1,350,000, Metropolitan has a policy of $921,000 and the Hartford has a policy of $689,000.
(b)
To calculate: How much Metropolitan will be responsible for in the event of a $430,000 fire, if in the total coverage of $2,960,000 Kemper has a policy of $1,350,000, Metropolitan has a policy of $921,000 and the Hartford has a policy of $689,000.
(c)
To calculate: How much The Hartford will be responsible for in the event of a $430,000 fire, if in the total coverage of $2,960,000 Kemper has a policy of $1,350,000, Metropolitan has a policy of $921,000 and the Hartford has a policy of $689,000.
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Contemporary Mathematics for Business and Consumers
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