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medulla medulla
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6 years ago
Sarah has a house valued at $200,000 and insured for $180,000. It is totally destroyed by fire, due to the negligence of Courtney. Sarah recovers $180,000 from her insurer, which then subrogates against Courtney. Suppose the courts decide that Courtney must pay $100,000 in damages, because that's all the money she has. How much of this $100,000 can the insurer keep, assuming that the policy has no special provision regarding the distribution of subrogation amounts?
A) $0 (The entire $100,000 must be passed on to Sarah)
B) $20,000 (Sarah gets the other $80,000)
C) $80,000 (Sarah gets the other $20,000)
D) $100,000 (Sarah will get no additional funds)
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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giddugiddu
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6 years ago
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4 years ago
thanks
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