\(\begin{array}{c|c}
\text{Name} & \text{Insure amount} & \text{Actual value} & \text{Actual loss} \\
\hline
\text{Mr A} & 30,000 & 100,000 & 40,000 \\
\hline
\text{Mr B} & 40,000 & 120,000 & 50,000 \\
\hline
\text{Mr C} & 50,000 & 15,000 & 70,000 \\
\end{array}\)

If Mr A takes a fire insurance policy with average clause, his compensation will be

a

N15,000

b

N20,000

c

N12,000

d

N25, 000

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Explanation

Correct Option
c

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Discussions (2)

Mama Udoh
10 years ago

yeap but the option is wrong... C is d ansa 12,000

Myschool Kelly
10 years ago

Thanks for your observation. Correction has been made.

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