Correct Answer: Option B

Explanation

Average clause: A clause in a policy requiring that, where assets are insured for less than their full value, the insured is required to bear a proportion of any loss.

The actual amount of claim is determined by the formula:

Claim = Loss Suffered x Insured Value/Total Cost

30,000 x 25,000 = 750,000000
750,000000 /100,000 = 7,500

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