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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 Sujal Singh 2 years, 11 months ago

CBSE > Class 11 > Business Studies

3 answers

Hridya Ramnani 2 years, 11 months ago

No he can't take 50 lakh from each company. According to principle of contribution, both the companies will contribute and compensate for the loss.

Abhishek Malik 2 years, 11 months ago

Yes

Abhishek Malik 2 years, 11 months ago

Yed

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