EXERCISES OF INSURANCE PART 1 1 A shipment of 10,000 USD is insured with the amount 8,500 USD Damaged value in transit caused by the agreed risks is 8,000 USD Pls calculate the amount of compensation.
EXERCISES OF INSURANCE PART 1 A shipment of 10,000 USD is insured with the amount 8,500 USD Damaged value in transit caused by the agreed risks is 8,000 USD Pls calculate the amount of compensation 8,000/10,000 x 8,500 = A shipment of 10,000 USD is insured for full value, deductible amount indicated in the insurance is 1,500 USD Damaged value in transit caused by the agreed risks is 8,000 USD Pls calculate the amount of compensation Số tiền bảo hiểm = 8.000 – 1.500 = 6500 A contract of insurance has the data as below Insurable value: 10,000 USD Insurable amount: 8,000 USD Deductible: % of value of the loss / damage (but not less than 500 USD) Damaged value: 3,500 USD Pls calculate the amount of compensation? Mức khấu trừ = 0,05 x 3.500 = 175