Question

Ashok got his godown insured for lakhs. Goods of the value of
1,60,000 was destroyed due to fire. Ashok put up a claim of 2 lakhs to the
insurance company, but company accepted the claim for * 1,60,000. Insurance
company took this decision under which principle of insurance ?
(A) Utmost Good faith
(B) Insurable Interest
(C) Indemnity
(D) Contribution​

Answer 1

contribution insurance