Question: Dear Expert please help with the two question. do not use AI. stion 6 [17] isaack buys a second-hand car from Reliable Motors for R200

Dear Expert
please help with the two question. do not use AI.  Dear Expert please help with the two question. do not use

stion 6 [17] isaack buys a second-hand car from Reliable Motors for R200 000. Isaack insures the car for R200000 with Amazing Insurance Company. Advise Isaack as to the nature of the insurance contract that he has concluded with Amazing insurance Company. (7) 2 Your motorcycie is valued at R250 000. You insure the motorcycle with C Insurers for R250 000 . You also decide to insure the motorcycle with D insurers for R250 000. While on a Sunday moming breakfast run you damage your motorcycle by hitting a tree on the side of the road. The damage amounts to R250 000. Both insurers indicate that they will rather compensate you instead of repairing the motorbike. What amount of compensation can you claim from C insurers and D insurers

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!