Mr Olatude took up a fire insurance on a property valued at N1000 and the...
COMMERCE
JAMB 2000
Mr Olatude took up a fire insurance on a property valued at N1000 and the amount insured is N 800. If the insurance was taking with the clause ‘with average ‘, What is the amount to be paid by the insurance company?
- A. N320
- B. N420
- C. N460
- D. N560
Correct Answer: A. N320
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