Ram insured his factory for Rs. 6 lakh against fire. Due to fire, he suffered a loss of Rs. 2 lakh. How much amount he can recover from the insurance company?
Answers
Answered by
1
Answer:
4lakh
Explanation:
Ram insured his factory = 6 lakh
loss from fire =2 lakh
So, 6 lakh - 2 lakh = 4 lakh
Answered by
5
2 lakh Rs.
he can recover only 2 lakh rs from the insurance company.because the purpose of insurance is to compensate for loss and not for earning profit.
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