O-LevelCommerceInsurance7100/11 · Oct/Nov 2019 · Q291 Mark

Mrs Moyo's household contents, valued at $20 000, were insured against fire for this amount. Later they were damaged by fire and the loss was estimated at $25 000. How much compensation should Mrs Moyo receive?

A$5000

B$20 000

C$25 000

D$45 000

✓ Correct answer

B: $20 000

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2019 Paper 1 Variant 1, question 29.

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