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O-LevelCommerceInsurance7100/12 · May/June 2016 · Q321 Mark

Mrs Udawatte owns a house which has a market value of $400000. To save on the price of the premium, she insured the property for $300000. A fire destroys 25% of her property. How much will the insurance company pay for her claim?

A$75000
B$100000
C$300000
D$400000

✓ Correct answer

A: $75000

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2016 Paper 1 Variant 2, question 32.

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