Fundamentos de Seguro de PropiedadPregunta 280 de 531
A policy with a $900,000 agreed value limit insures a building whose replacement cost has climbed to $1,050,000 by the time a $300,000 covered loss occurs. The deductible is $10,000. The insurer pays:
a.$257,143
b.$290,000
c.$300,000
d.$247,143
Explicación
Because the agreed value provision suspends coinsurance, the climb in replacement cost creates no penalty: the insurer pays the $300,000 loss less the $10,000 deductible, or $290,000. Running a coinsurance ratio of $900,000 against the $1,050,000 value would produce about $257,143 before the deductible, and that penalty is exactly what the agreed value provision was bought to remove. Paying $300,000 forgets the deductible.
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