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Your motorcycle is valued at R250 000. You insure the motorcycle with C insurers for R250 000. You also decided to insure the motorcycle with

Your motorcycle is valued at R250 000. You insure the motorcycle with C insurers for R250 000. You also decided to insure the motorcycle with D insurers for R250 000. While on a Sunday morning breakfast run you damage your motorcycle by hitting a tree on the side of the road. The damage amounts to R250 000. Both insurers indicate that they will rather compensate you instead of repairing the motorbike.

What amount of compensation can you claim from C insurers and D insurers? (10 marks)

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