Are you looking for the correct answer to the question “Dale and his wife Jenny are legally separated. The couple owns a vacation cabin. Dale purchased a $25,000 property insurance policy on the cabin. Unaware that Dale had purchased this coverage, Jenny purchased a $50,000 property insurance policy on the cabin. While both policies were in force, a $12,000 covered loss occurred. The insurers agreed to settle the claim on a pro rata basis. What is each insurer’s liability?”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.
Dale and his wife Jenny are legally separated. The couple owns a vacation cabin. Dale purchased a $25,000 property insurance policy on the cabin. Unaware that Dale had purchased this coverage, Jenny purchased a $50,000 property insurance policy on the cabin. While both policies were in force, a $12,000 covered loss occurred. The insurers agreed to settle the claim on a pro rata basis. What is each insurer’s liability?
a.Dale’s insurer pays $3,000 and Jenny’s insurer pays $9,000.
b.Dale’s insurer pays $12,000 and Jenny’s insurer pays nothing.
c.Dale’s insurer pays nothing and Jenny’s insurer pays $12,000.
d.Dale’s insurer pays $4,000 and Jenny’s insurer pays $8,000.
Answer: D
The above question Dale and his wife Jenny are legally separated. The couple owns a vacation cabin. Dale purchased a $25,000 property insurance policy on the cabin. Unaware that Dale had purchased this coverage, Jenny purchased a $50,000 property insurance policy on the cabin. While both policies were in force, a $12,000 covered loss occurred. The insurers agreed to settle the claim on a pro rata basis. What is each insurer’s liability?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
