MN Public Adjuster Practice Questions - Minnesota Public Adjuster Exam

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A Minnesota commercial building valued at $400,000 is insured for $240,000 with an 80% coinsurance clause. If the building sustains $80,000 in fire damage, how much will the insurer pay (before deductible)?

$$80,000 $$60,000 $$48,000 $$40,000

Correct Answer:

$$60,000

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