Question

Goods of Rs. 80,000 of Mis Raju & Sons are insured for Rs. 70,000 subject to average clause. Loss due to fire is assessed at Rs. 16,000. Calculate what claim the insured will get from insurers ​

Answer 1

Answer:

(-21. ). x( 86 y) (,869)+9√=823

Answer 2

Answer:

average clause = value of insurance policy ÷value of stock at the date of fire× value of stock destroyed

• therefore, average clause = 70,000÷80,000× 16,000 = 14,000.

answer = 14,000.