Insurance WAEC

The maximum amount to be paid for Kayode’s shop that was damaged is?

Adekunle bought a car for N2,000,000. he insured it with Musa insurance company and Okon insurance company for N600,000 and N800,000 respectively. on his way to his office, he had an accident that destroyed his windscreen valued at N30,000 and Kayode’s shop valued at N15,000.

A. N15,000
B. N30,000
C. N45,000
D. N60,000

Correct Answer: Option A

A. N15,000

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