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CIC Commercial Property Practice Questions - CIC Commercial Property Institute Exam

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An insured carries $800,000 of Coverage B Business Personal Property on CP 00 10 with 80% coinsurance. At the time of a covered $100,000 loss the actual replacement cost value of all BPP at the location was $1,250,000. The deductible is $1,000. How much will the insurer pay?
Correct Answer:
$$79,000

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