Question

on loss of goods by fire a trader can claim compensation for the cost of actual physical stock destroyed by fire less b​

Answer 1

Answer:

the opportunity of me and my favourite

Answer 2

The value of stock insured can only be claimed.

• The fire insurance contract is a purely a contract of compensatory indemnity.
• In the event of a loss, the insured shall recover the true amount of the loss of the insurer, which is equal to the maximum amount insured in respect of the subject matter.
• For example - Of during the fire the stock was of 20 Lakhs, but the insured stock was of 10 Lakhs, the company will receive Rs. 10 lakh