Naman got his office insured for Rs.5 crore against fire. Due to a short circuit a fire broke out in the office & amount of loss was estimated to be 20 lac .What is the amount of claim payable by the insurance company? *
1 point
5CRORE
4.8 LAC
20 LAC
NONE OF THESE
Answers
Answered by
3
Answer:
20 Lacs
Bcoz the insurance company is liable to pay only for the damaged goods equal market value money.
Answered by
0
Explanation:
According to the principle of indeminity the compensated amount will be equal to rs. 20 lakhs.
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