Mr Olatude took up a fire insurance on a property valued ...
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?
N320
N420
N460
N560
Correct answer is A
No explanation has been provided for this answer.
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