No products in the cart.

Anil purchased a new office in …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

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 1 year, 7 months ago

CBSE > Class 11 > Business Studies

3 answers

Hridya Ramnani 1 year, 6 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.

0Thank You

Abhishek Malik 1 year, 7 months ago

Yes

1Thank You

Abhishek Malik 1 year, 7 months ago

Yed

0Thank You

ANSWER

Related Questions

Explain the need for outsourcing

Posted by Isha Gautam 3 weeks ago

CBSE > Class 11 > Business Studies

0 answers

Limited decided to start a new enterprises on their own name with the diversifying their products to rural areas in their initial years of their business their efforts were taken to reduce the cost as much as possible so that the provide employment opportunities to the people of rural areas within few years company realised that they were started generating some revenue apart from their cost so company decided to increase the various of the workers question one mention the objectives of business discussed in the above

Posted by Fbrbr Ccjjck 6 days, 4 hours ago

CBSE > Class 11 > Business Studies

0 answers

What do you understand by SVA Analogy

Posted by Vineet Jaiswal 2 weeks, 5 days ago

CBSE > Class 11 > Business Studies

0 answers

Ankita is tha manager of mnc case study

Posted by Z Hw 1 day, 2 hours ago

CBSE > Class 11 > Business Studies

0 answers

Who is a secret partner?

Posted by Pronab Baroi 1 month, 4 weeks ago

CBSE > Class 11 > Business Studies

3 answers

Creative strokes is an advertisement

Posted by Lumi Maozi 1 month, 1 week ago

CBSE > Class 11 > Business Studies

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Deepanshu Gautam 1 month, 2 weeks ago

CBSE > Class 11 > Business Studies