Yousif has purchased insurance for his home with four different companies, Company A covers 3,797, Company B covers 3,796, Company C covers 3,934 and Company d covers 4,540. Assuming the insurers follow a pro rata liability method, how much will company B pay if a loss of 5,154 occurs?
Yousif has purchased insurance for his home with four different companies, Company A covers 3,797, Company B covers 3,796, Company C covers 3,934 and Company d covers 4,540. Assuming the insurers follow a pro rata liability method, how much will company B pay if a loss of 5,154 occurs?
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 47P
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