Margo has a $100,000 home. She has it insured by four different insurers, each providing the following amount of coverage:
Insurer A: $10,000
Insurer B: $20,000
Insurer C: $30,000
Insurer D: $40,000
A $20,000 loss occurs. Under a pro-rata distribution other insurance clause, Company B will pay
a. $2,000
b. $4,000
c. $6,000
d. $20,000
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
