Name Insure amount Actual value Actual loss Mr A 30,000 100,000 40,000 Mr B 40,000 120,000 50,000 Mr C 50,000 15,000 70,000 If Mr A takes a fire insurance p...

Assessment: JAMB UTME - Commerce - 2015 Subject: Commerce

Question 1 Report

Name Insure amount Actual value Actual loss
Mr A 30,000 100,000 40,000
Mr B 40,000 120,000 50,000
Mr C 50,000 15,000 70,000

If Mr A takes a fire insurance policy with average clause, his compensation will be

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