Are you having trouble answering the question “Pablo insured his home for $50,000. It was destroyed in a fire and the building was determined to have had an ACV of $100,000 at the time of loss. If the actual cost to rebuild the building was $80,000 and Pablo had a coinsurance clause in his policy, how much money will the insurer pay to rebuild the home?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
Pablo insured his home for $50,000. It was destroyed in a fire and the building was determined to have had an ACV of $100,000 at the time of loss. If the actual cost to rebuild the building was $80,000 and Pablo had a coinsurance clause in his policy, how much money will the insurer pay to rebuild the home?
a. $100,000
b. $40,000
c. $50,000
d. $80,000
Answer: B
You should now have gotten the answer to your question “Pablo insured his home for $50,000. It was destroyed in a fire and the building was determined to have had an ACV of $100,000 at the time of loss. If the actual cost to rebuild the building was $80,000 and Pablo had a coinsurance clause in his policy, how much money will the insurer pay to rebuild the home?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
