What is the value of the cars if each is valued at £10,000 and 20 are stolen?

Prepare for the CII Certificate in Insurance - Insurance, Legal and Regulatory (IF1) Exam with interactive questions. Each question comes with hints and detailed explanations. Equip yourself for success!

To determine the total value of the cars, we multiply the value of each car by the total number of cars stolen. In this scenario, each car is valued at £10,000, and there are 20 cars that have been stolen.

Calculating the total would be: £10,000 multiplied by 20 equals £200,000.

Therefore, the correct total value reflects that the total cost of the stolen vehicles amounts to £200,000.

This is why the other options that suggest lower or significantly higher amounts do not reflect the correct multiplication of car value and quantity. The correct answer accurately represents the total losses incurred due to the theft.

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