Question

Question 12:
Rajat takes a fire insurance policy for his new office. In a fire accident his office is totally
damaged. Insurance company paid the full policy value to Rajat. Now Rajat can't sell the scrap
to realise money from it, instead the insurance company will have a right over it. Identify
and explain the principle of insurance which is applicable in the above case.​

Answer 1

Answer:

please refresh or try again later in the world and write answers

Answer 2

Insurance is the right way to cover up in any situation whether it is damage or any financial crisis