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A company suffers an $80,000 theft loss from its commercial property.

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A company suffers an $80,000 theft loss from its commercial property.

Insurer A covers the property for $300,000.

Insurer B covers the same property for $100,000.

Assuming both policies have identical terms, how is the $80,000 loss shared?

A.

Insurer A pays $0; Insurer B pays $60,000

B.

Insurer A pays $40,000; Insurer B pays $40,000

C.

Insurer A pays $60,000; Insurer B pays $20,000

D.

Insurer A pays $80,000; Insurer B pays $0

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