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Anil purchased a new office in …

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Anil purchased a new office in Bengaluru, and decided to take a double insurance policy far it. He got his office insured with Company A for R 2 crores and with Company B far 3 crores. Due to negligence of the security guards , a theft occurred in his office, and many laptops and other electronic gadgets were stolen. The amount of loss was pstimated to be 50 lakh . Anil has decided to file for a claim with both the insurance companies for 50 lakh each.

Posted by Ananya Shukla 5 years, 3 months ago

CBSE > Class 11 > Business Studies

1 answers

Gaganjot Kaur 5 years, 3 months ago

Here Anil is wrong in claiming 50 lakh from both the companies which is violation of principle of contribution.. In this case of burglary insurance,he would get lost money from both the companies i.e he will get 20,00,000 from Company A and 30,00,000 from company B...

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