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 when each car is valued at £10,000 and there are 20 cars, the calculation involves multiplying the number of cars by the value of each car.

By multiplying 20 cars by £10,000 per car, the calculation is as follows:

20 cars × £10,000 = £200,000.

This indicates that the overall value of the 20 cars being referred to is £200,000.

The answer reflects the correct total valuation of the cars based on the given values and quantity, which is an essential aspect to understand in property valuation and insurance coverage scenarios. The options presented guide the need for accuracy, particularly in claims situations or when assessing total assets for insurance purposes.

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