Question

if goods of 72000 destroyed by fire and salvaged stock is 12000nd policy is given as 63000 when claim is

Answer 1

7. Value of goods destroyed is 48,000, Goods saved 12,000, Amount of insurance policy was 40,000 which include average clause then amount of claim is:
(a) 32,000 (b) 40,000 (c) 48,000
(d) 12,000
Ans. A