Question

a scooter worth ₹30000 was insured for 90% of his value.how much would the owner get in case of any mishappening​

Answer 1

Answer:

THE SCOOTER GOT INSURED @ 90% OF ITS TOTAL VALUE.

THE OWNER WILL GET ONLY 90% AMOUNT OFF HIS SCOOTER IN CASE OF ANY ACCIDENT.THIS IS BECAUSE OF THE PRINCIPLE OF INDEMNITY.IT SAYS THAT THE INSURED MUST NEITHER GET MORE NOR LESS THAN THE LOSS OCCURRED DURING AN INCIDENT OR ACCIDENT.

THEREFORE, OWNER WILL ONLY GET @90% OF THE TOTAL VALUE OF THE SCOOTER.

Answer 2

Answer:

Please see the attachment in the above please.

Please make this answer as brilliant answer.