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AAFM Exam CWM_LEVEL_2 Topic 4 Question 23 Discussion
Actual exam question for
AAFM's
CWM_LEVEL_2 exam
Question #: 23
Topic #: 4
[All CWM_LEVEL_2 Questions]
Topic #: 4
Section C (4 Mark)
Read the senario and answer to the question.
Assuming that Mahesh owns a building which he insures along with its contents for Rs. 12 lakh. However the market value of the building and its content is Rs. 15 lakh. Assuming that the building along with its contents is partially destroyed by fire and the loss assessed of Rs. 1 lakh what is the amount of money insurance company would pay as claim reimbursement to Mahesh?
Suggested Answer:
C
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