Sarthak Electronics Ltd. has a loss of Rs 15,00,000 to pay. They are short of funds so they are trying to find means to arrange funds. Their manager suggested a claim from the insurance company against stock lost due to fire in the warehouse. He actually meant that they can put their warehouse on fire and claim from insurance companies against stock insured. They will use the claim money to pay the loan.
Will the company receive a claim if the surveyor from the insurance company comes to know the real cause of fire?
Write any two Values which the company ignores while planning to arrange money from false claims.
State any three elements of fire insurance
Posted by Muskan Bhanpuriya
1 year, 4 months ago