You have 5 identical glass plates, worth $10,000 each, but as a set they are worth $60,000. In the event that 1 of the plates is damaged, how much will the insurer pay?

Insurance

Are you having trouble answering the question “You have 5 identical glass plates, worth $10,000 each, but as a set they are worth $60,000. In the event that 1 of the plates is damaged, how much will the insurer pay?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

You have 5 identical glass plates, worth $10,000 each, but as a set they are worth $60,000. In the event that 1 of the plates is damaged, how much will the insurer pay?

Answer: $20,000

You should now have gotten the answer to your question “You have 5 identical glass plates, worth $10,000 each, but as a set they are worth $60,000. In the event that 1 of the plates is damaged, how much will the insurer pay?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.