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Raghu insured his cargo ship against …

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Raghu insured his cargo ship against perils of see through a marine insurance policy of rupees 5 lakh. During the voyage the sea water entered into the ship and the cargo was destroyed. He suffered a loss of 2,00,000. He filed a claim for the loss against the insurance company. Can Raghu recover the loss from the insurance company? Name and explain the principle of insurance has been highlighted in the given case.

Posted by Vidhi Bonde 5 years, 2 months ago

CBSE > Class 11 > Business Studies

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