question archive Julie owns a building worth 800,000
Julie owns a building worth 800,000
Subject:FinancePrice: Bought3
Julie owns a building worth 800,000. She insured the building for
300,000 with company A. 400,000with company B and 100,000 with company c. There is a fire, and the building sustains 100,000 in damage.
how much will Julia collect in insurance?
how will each company pay?
what insurance term describes this situation?
what is it's purpose?
