Mrs Kgosi insures her shop against fire for P200 000. A fire causes P50 000 of damage.

1. aWhat is the document she receives from the insurer? [1]
2. bHow much should she be paid, and which principle applies? [2]
3. cExplain why she cannot insure her neighbour's shop. [2]

You'll mark your own answer against the marking guide when you hand it in.