Question

a) Chetan gets his oil-godown doubly insured against fire for 5,00,000 with insurer
"Easy General Insurance and for Rs. 15,00,000 with insurer 'Risk free Insurance (P)
Ltd. Due to a short circuit, an unforeseen loss by fire of oil stock worth Rs.6 Lakh
occurred on 11th September. How much compensation can be claim from each
of the insurers? Give reasons.
(3)​

Answer 1

Answer:

a) Chetan gets his oil-godown doubly insured against fire for 5,00,000 with insurer

"Easy General Insurance and for Rs. 15,00,000 with insurer 'Risk free Insurance (P)

Ltd. Due to a short circuit, an unforeseen loss by fire of oil stock worth Rs.6 Lakh

occurred on 11th September. How much compensation can be claim from each

of the insurers? Give reasons.

(3)