Business Studies, asked by neenusaini86, 5 months ago

A Company took fire insurance policy for Rs 10 Lakh. After three months, due to fire, insured suffered loss of Rs 4 lakh. How much money will company get as compensation and why?

Answers

Answered by adarshkumar301276

Answer:

Fire insurance policies provide payment for the loss of use of the property as a result of a fire or for additional living expenses necessitated by uninhabitable conditions, as well as damage to personal property and nearby structures

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A Company took fire insurance policy for Rs 10 Lakh. After three months, due to fire, insured suffered loss of Rs 4 lakh. How much money will company get as compensation and why?​

Answers

A Company took fire insurance policy for Rs 10 Lakh. After three months, due to fire, insured suffered loss of Rs 4 lakh. How much money will company get as compensation and why?