A company insures its stock against fire for rs.15 lakhs. A fire broke down and the total stock was lost .At the time of fire there was stock worth rs.25lakh what is the value of compensation company would be entitled to?
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22
company will be responsible only for the amount of insurance that is 15 lakh. So the company will give maximum amt 15lakh.
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11
the value of compensation company would be entitled is 15 lakh
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