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Mr. Satish gets his house insured …

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Mr. Satish gets his house insured against fire of Rs. 20 Lakh with insurer A and for Rs. 10 Lakh with insurer B. A loss of Rs. 3 Lakh occurred.(1) How much compensation can be claimed from A and B separately and Why?(2) Name the principle of Insurance in the above case.

Posted by Nishant Raj 5 years, 2 months ago

CBSE > Class 11 > Business Studies

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