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O-LevelCommerceInsurance7100/11 · Oct/Nov 2024 · Q311 Mark

AB Repairs insured its garage for $40 000, but the actual value was $60 000. A flood caused $9000 worth of damage to the garage. AB Repairs made a claim for compensation. How much compensation should AB Repairs receive for this claim?

A$3000
B$6000
C$9000
D$40000

✓ Correct answer

B: $6000

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2024 Paper 1 Variant 1, question 31.

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