A homeowner has an HO-3 policy with $300,000 Coverage A. The home has a replacement cost of $400,000. Under the coinsurance provision, if a $100,000 partial loss occurs, how much will the insurer pay (ignoring any deductible)?
A homeowner has an HO-3 policy with $300,000 Coverage A. The home has a replacement cost of $400,000. Under the coinsurance provision, if a $100,000 partial loss occurs, how much will the insurer pay (ignoring any deductible)?