Insurance WAEC

The compensation would be calculated as?

Use the following information to answer the question below.

Basanya’s vehicle was hit at the rear by jaguna’s vehicle. The two vehicles had a minimum cover. The estimate of repairs was as follows;

Basanya’s vehicle – N155,000; Jaguna’s vehicle- N75,000

A. N75,000 payable to jaguna
B. N80,000 payable to jaguna
C. N155,000 payable to basanya
D. N230,000 payable to basanya

Correct Answer: Option A

A. N75,000 payable to jaguna

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