Marco and Sophie are legally married and currently on separation. They both, unknowingly, insured the family property for P400 000.00 and P600 000.00 respectively. Both policies are still live and a covered loss of P180 000.00 has occurred.

Required

Determine how their insurance policies will contribute to the loss using

Pro rata basis 

Contribution by equal shares 

Primary and excess, assuming that, Marco, the husband’s insurer is taken as primary