Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can anyone answer ? with the steps 79. A cottage is valued at 100,000 and is covered by two fire insurance policies, one with a
can anyone answer ? with the steps
79. A cottage is valued at 100,000 and is covered by two fire insurance policies, one with a sum insured of 50,000 and the other with a sum insured of 100,000. Under the principle of contribution, what maximum payment will the insured receive from the first policy if a fire causes damage costing f60,000 to repair? 100 value A. 20,000 B. 25,000 C. 30,000 D. 50,000 Loss 60 rooo Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started