shared losses when liability is divided

Apr 25th, 2015
Price: $5 USD

Question description

Pinnacle Manufacturing has multiple carrier fire insurance coverage on its plant and equipment in the amount of $ 2,960,000 as follows:
Kemper $ 1,350,000 policy
Metropolitan $ 921,000 policy
The Hartford $ 689,000 policy
Assuming that all coinsurance clause stipulations have been met, how much would each be responsible for in the event of a $430,000 fire? Round to the nearest whole percent before using them in your final calculations.

Tutor Answer

(Top Tutor) Qualityfasthelp
School: Purdue University

Studypool has helped 1,244,100 students

Review from student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors