Are you having trouble answering the question “W owns an Ocean Marine Cargo policy. He has held his merchandise, originally valued at $500,000, for three years. If Waldo ships the merchandise overseas by boat and the boat sinks at sea, destroying the merchandise, how much will the insurer pay W if the depreciation rate for his goods is 10%?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
W owns an Ocean Marine Cargo policy. He has held his merchandise, originally valued at $500,000, for three years. If Waldo ships the merchandise overseas by boat and the boat sinks at sea, destroying the merchandise, how much will the insurer pay W if the depreciation rate for his goods is 10%?
a. $450,000
b. $350,000
c. $ 0
d. $500,000
Answer: D
You should now have gotten the answer to your question “W owns an Ocean Marine Cargo policy. He has held his merchandise, originally valued at $500,000, for three years. If Waldo ships the merchandise overseas by boat and the boat sinks at sea, destroying the merchandise, how much will the insurer pay W if the depreciation rate for his goods is 10%?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
