An insurance policy is subject to a franchise of N115,000, how much would an insured who suffered of N120,000 recieve as compensation? by Sunday | Oct 17 | Insurance WAEC | 0 comments A. N5,000 B. N115,000 C. N120,000 D. N235,000 Correct Answer: Option A A. N5,000 Users Also Read These:An agreement by the insurer to compensate the…If the insured has been fully indemnified, the…Payment of compensation under professional indemnity…A reinsurance cover of N100,000 in excess of N20,000…A limited company has an authorized capital of…