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Prem Rawat sent the consignment of …

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Prem Rawat sent the consignment of the sacks of rice to his importer in London in the vessel of Shipra Shipping and Logistics Company. Prem Rawat got his consignment insured against the sea perils. There were few rodents on the ship. They made holes in the deck of the ship and damaged Prem Rawat’s goods. a) Identify the type of insurance policy Prem Rawat has taken for protection of his consignment. b) What are the three main types of insurance policy highlighted in part (a).? c) Do the insurance company is liable to pay the compensation? State the relevant Principle of Insurance applicable.

Posted by Vanshika Patil 5 years, 1 month ago

CBSE > Class 11 > Business Studies

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