Multiple Choice
Margo has a $100,000 home. She has it insured by four different insurers,each providing the following amount of coverage:
Insurer A: $10,000
Insurer B: $20,000
Insurer C: $30,000
Insurer D: $40,000.
A $20,000 loss occurs. Under a pro-rata distribution other insurance clause Company B will pay:
A) $ 2,000
B) $ 4,000
C) $ 6,000
D) $20,000
Correct Answer:
Verified
Correct Answer:
Verified
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