Question

Manish Roy purchased a new car and got it insurance with Oriental Insurance Company for Rs 300000 and National Insurance Company for Rs 400000. In an accident the car was damaged he claimed for a compensation of rupees 70000 from both the companies
1.is he entitled to get a compensation from both the companies
2. Explain the relevant principle of insurance applicable in this regard

Answer 1

Answer:

1 ) yes he is entitled to get compensated from both companies but at a proportion

2) principle of contribution

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Answer 2

Answer:

yes,

Explanation:

mitigation of contribution

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