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Company XYZ has two property policies covering their building. The building is worth $1,000,000. Policy A has a limit of $1,000,000 while Policy B has
Company XYZ has two property policies covering their building. The building is worth $1,000,000. Policy A has a limit of $1,000,000 while Policy B has a limit of $500,000. Assuming both policies have a pro-rata clause in place when other insurance policies are in force, a covered loss of $300,000 would result in payment of _____by Policy A and _____ by Policy B. Question 50 options: $300,000; $0 $300,000; $300,000 $150,000; $150,000 $200,000; $100,000
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