Question

A person gets his stock worth Rs.60,000 insured for Rs.80,000. A fire occurs and the whole

stock gets damaged. The insurance company admits a claim of Rs.60,000 only and not

Rs.80,000. Identify the principle of insurance being applied​

Answer 1

Answer:

principle of indemnity is the answer

Answer 2

Answer:

principle of indemnity is applied

Explanation:

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