Question

1. The Willow Creek Apartments experience a fire that does $175,000 in damage. The building has a replacement cost of $650,000, and has insurance coverage from Company A of $250,000 and coverage from Company Bfor $300,000. What percentage of the fire damage is covered by the insurance companies? 1. The Willow Creek Apartments experience a fire that does $175,000 in damage. The building has a replacement cost of $650,000, and has insurance coverage from Company A of $250,000 and coverage from Company Bfor $300,000. What percentage of the fire damage is covered by the insurance companies?

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