Mr. Srinivas Durgam has insured his warehouse for Rs.10,00,000 against fire. The goods kept in the warehouse require special kind of cooloing
environment, for which srinivas has installed centralized Air conditioning unit. However due to some reasons, the goods were damaged by heat and
smoke without ignition. Due to this he suffered a loss of stock worth Rs.4,00,000. Can srinivas recover this loss from the insurance company.
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Answer:
Hmm..... after reading your question, I think that the answer will be Yes because Srinivas Has Rs.10,00,000 but the loss from his company is 4,00,000.
Explanation:
This is my answer
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