Actuarial Notes

Exam DISC-IA Practice Question 614

Study guide: Exam DISC-IA

A fire damages two buildings insured under one BPP with separate limits of $200,000 on Building 1 and $300,000 on Building 2, and a $500 deductible. There is no coinsurance penalty. The loss is $200,400 to Building 1 and $320,000 to Building 2. What is the total amount payable?

  • A) $499,400
  • B) $499,500
  • C) $499,900
  • D) $500,000

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