Hi Lacey
I checked the question in the online course. It is showing the correct answer of $19,500.
The correct answer:
19,500
The Question:
Determine the amount of settlement if an insured has $40,000 insurance coverage on a building that is valued at $50,000. An 80% coinsurance applies. A $20,000 loss occurs. A $500 deductible applies.
Jan