Examlex

Solved

Dan Bought a R5000 000 Marina Two Years Ago and Obtained

question 117

Essay

Dan bought a R5000 000 marina two years ago and obtained R4 000 000 of property insurance.Recently economic improvements on the lake has raised the property's value to R5 500 000 (the good news).But the general store had a fire causing R1 000 000 worth of damage (the bad news).How much will the insurance company pay to repair the store since Dan has a coinsurance clause in the marina's policy?


Definitions:

Option Group

A collection of options presented in user interfaces, where the user can select one (or sometimes multiple) options from the group.

Toggle Button

A graphical user interface element that allows the user to change a setting between two states, such as on and off.

Tab Control

A graphical user interface element that allows users to switch between different views or documents within the same window or space.

Background Image

An image placed as a backdrop on digital documents, websites, or software interfaces, often behind the main content.

Related Questions