Business Studies, asked by mansilakhotia2003, 5 months ago

16. Vitthal Rao has a shop in Chawdi Bazar which deals in antique idols of various God and Goddesses
He has taken an insurance policy on his shop and stock in the shop. While taking the policy, he
conveyed his intention to the insurance company that he should be provided cover under all
possible risk. The insurance company convinced Vitthal Rao that the policy was comprehensive
and covered every possible with. During the tenure of the policy and earthquake occurred and the
shop and stock of Vitthal Rao was destroyed completely. He approached the insurance company
for compensation of loss.
However, the insurance company refused to grant him compensation on the ground that loss by
act of God' was not covered by the policy.
On the basis of above case answer the following questions
(3M)
1. Identify and explain the principle of insurance violated by the insurance company. (1M)
2. Do you think that Vitthal Rao has 'insurable interest in the shop and the stock destroyed?
Support your answer.

Answers

Answered by 22594dhanyami
1

Answer:

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Explanation:

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Answered by anjalihoon04
0

Explanation:

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