(a) Explain two factors that could reduce the amount of indemnity under an insurance-contract. (b) A property owned by bal Ltd was covered by three insurers...

(a) Explain two factors that could reduce the amount of indemnity under an insurance-contract.

(b) A property owned by bal Ltd was covered by three insurers, A, B and C for the Sum of N150,000, N120,000 and N90,000 respectively. The insured suffered a loss of N60,000. Calculate the liability of each insurer.