Chapter 19.II, Problem 23RE

To determine

To calculate: The value of how much would each carrier be responsible for in the event of a $\$95,000$ fire, where Hi-Volt Electronics had multiplied carrier fire insurance coverage in the amount of $\$\text{500,000}$ from the provided value.

$\frac{\begin{array}{l}\text{Aetna}\text{:}\text{\$}\text{300,000}\text{policy}\\ \text{State}\text{farm}\text{:}\text{\$}125\text{,000}\text{policy}\\ \text{Liberty}\text{Mutual:}\text{\$}125\text{,000}\text{policy}\end{array}}{\text{Total}\text{coverage}\text{:}\text{\$}\text{500,000}}$