QuickHelper

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    Phoniex
    Jul-2007 - Jun-2012

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    ChevronTexaco Corporation
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Category > Accounting Posted 12 Jun 2017 My Price 8.00

shared losses when liability is divided

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.

Answers

QuickHelper
(10)
Status NEW Posted 12 Jun 2017 07:06 PM My Price 8.00

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