kayalvizhi insured her factory for Rs 5 lakhs. Due to fire she suffered a loss of Rs 2lakhs. Hoge much amount she can

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August 2023 1 0 Report

kayalvizhi insured her factory for Rs 5 lakhs. Due to fire she suffered a loss of Rs 2lakhs. Hoge much amount she can recover from the insurance company? why?

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beenagupta22100

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Explanation:

2lakh , we can only avail the insurance price or the goods we suffered which ever is less.

suppose if goods lose is 7lakh then we will only get 5lakh insurance

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