Question

174. If the price of an assets is Rs. 20,000 and asse
has been insured against fire for Rs. 15,000
Asset worth Rs. 15,000 is destroyed. Withir
Average clause how much loss is covered by
Insurance Company-
(A) Rs. 20,000 (B) Rs. 15,000
(C) Rs. 50,000 (D) Rs. 11,250​

Answer 1

Step-by-step explanation:

Given :-

• the price of an assets is Rs. 20,000

Insurance price = 15,000+15,000

Insurance price = 30,000

Loss price = 30,000 - 20,000

Loss price = 10,000