Business Studies, asked by bhawanapradhan067, 4 months ago

A person takes the insurance policy of his property of rs 30,000 for rs.20,000 .the property gets damaged to the extent of rs 15,000 .the loss is rs 15,000 is compensate without considering the average basis . what is the name of this insurance policy?

Answers

Answered by kriya9729

0

Specified policy

Explanation:

In this question no average basis is considered and the specified amount is compensated here,i.e.,15000.

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