COMMERCE

JAMB 2000 - Question 20

Commerce 2000 JAMB Past Questions - Question 20: Mr Olatunde took up a fire insurance on a property valued N1000 and the amount insured is N800.the property caught fire causing a loss of N400.If the insurance was taken with the clause with average what is the amount to be paid by the insurance company?

Choose the most appropriate option for the gap .
Mr Olatunde took up a fire insurance on a property valued N1000 and the amount insured is N800.the property caught fire causing a loss of N400.If the insurance was taken with the clause with average what is the amount to be paid by the insurance company?
A:
B:
C:
D:
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Correct Answer

A

Explanation

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