Question
Consider that you insure your property for 70% of the market value. The market value is $19,000,000, however, unfortunately, a hurricane hit the Caribbean and
Consider that you insure your property for 70% of the market value. The market value is $19,000,000, however, unfortunately, a hurricane hit the Caribbean and your property was damaged. You suffered damage of $7,000,000. The insurance company will share the cost of the claim based on the average clause.
How much will the insurance company work?
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Capital As Power
Authors: Jonathan Nitzan, Shimshon Bichler
1st Edition
0415496802, 978-0415496803
