Assume That the Physical Property of a Business Is Valued

question 125

Multiple Choice

Assume that the physical property of a business is valued at R5 000 000.The company's commercial property policy contains a coinsurance clause with a stated percentage of 80 per cent.The company insures the property for R3 000 000 (75 per cent of the specified minimum) .The company incurs a fire loss of R2 000 000.How much of the loss will the insurance company pay for?

• A)R0
• B)R1 500 000
• C)R2 000 000
• D)R1 000 000

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Definitions:

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Fertility Awareness-Based Methods

Natural family planning techniques that involve tracking a woman's fertility signs to avoid or achieve pregnancy.

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Innovations that create major changes in how we live and work by introducing products or services that drastically alter the market.

Continuous Innovation

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