O-LevelCommerceInsurance7100/11 · Oct/Nov 2018 · Q301 Mark

Mr Ali owns a garage that is valued at $200000. He is insured for $250000 and paid a premium of $800. A fire damaged 50% of the garage. How much will Mr Ali be able to claim?

A$800

B$100000

C$125000

D$200 000

✓ Correct answer

B: $100000

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2018 Paper 1 Variant 1, question 30.

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