Utme 2020 Commerce Question 6
Practice objective / multiple choice question 6 from the 2020 Utme Commerce examination. This question covers Insurance .
Mr. Olatunde took up a fire insurance on a property valued at 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", which is the amount to be paid by the insurance company?
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About This Question
This is Utme 2020 Commerce Question 6. It is one of the objective questions from the 2020 Utme Commerce examination.
The question covers Insurance .
Difficulty level: 3 .
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