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The maximum aount to be paid for kayode’s shop  that was damged is

Adekunle bought a car for N2,000,000. he insured it with musa insurance company and okon insurance company for N600,000 and N800,000 respectively. on his way to his office, he had an accident which destroyed his windscreen  valued at N30,000 and kayode’s shop valued at N15,000. 

The maximum aount to be paid for kayode’s shop  that was damged is

  • A.
    N15,000
  • B.
    N30,000
  • C.
    N45,000
  • D.
    N60,000
Correct Answer: Option A
Explanation