Halbrooke Warehouse Inc recently incurred $263,000 in damages from an earthquake. Fireman's is responsible for $47,500 out of a total of $475,000 coverage provided by multiple carriers. If all coinsurance requirements have been met, how much of the loss will be paid by Fireman's?
A) $26,300
B) $236,700
C) $263,000
D) $47,500
A
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What will be an ideal response?