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Home Q & A Board Other Fields Homework Help Business Insurance
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AzJose AzJose
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6 years ago
Lisa has three fire insurance policies on her office building. The policy from company A is for $400,000, and the policies from companies B and C are for $100,000 each. If Lisa has a $360,000 loss, how much of the loss will be covered by each policy if the loss is settled on a pro rata basis by the insurers?
A) each policy: $120,000
B) policy A: $160,000; policies B and C: $100,000 each
C) policy A: $240,000; policies B and C: $60,000 each
D) policy A: $360,000; policies B and C: nothing
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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6 years ago
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AzJose Author
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6 years ago
Good timing, thanks!
Lawson1981
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Yesterday
This site is awesome
smi3
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2 hours ago
Thank you, thank you, thank you!
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