CILA CH3 Practice Questions - CILA Certificate CH3 Handling Claims For Specific Losses (Option 1 - General) Exam

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A property is insured for £200k but its true value at risk is £300k. It suffers a £60k fire loss. Under average, how much will the insurer pay?

£40k £60k £200k £20k

Correct Answer:

£40k

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