Answer:
$ 8299.632
Explanation:
Given data in the problem:
The value of the home = $ 136,000
The insured amount of the house = $ 105,000
80% coinsurance provision = 0.8 × $ 136,000 = $ 108,800
Claimed amount = $ 8,600
Therefore, the claimable amount = [tex]8600\times(\frac{105000}{108800})[/tex]
= $8299.632
hence, the amount the insurance company will pay = $ 8299.632
