Actuarial Notes

Exam DISC-IA Practice Question 603

Study guide: Exam DISC-IA

A building is insured under the BPP for $120,000 with a $1,000 deductible, and there is no coinsurance penalty. A fire causes $100,000 of direct damage, and removing the debris costs $60,000. How much does the insurer pay for debris removal?

  • A) $21,000
  • B) $25,000
  • C) $46,000
  • D) $50,000

Answer this question and see the worked solution

Concepts tested

More questions from this set