Question

Sarthak Electronics Ltd. has a loss of Rs 15,00,000 to pay. They are short of fund so they are trying to find means to arrange fund. Their manager suggest to claim from insurance company against stock lost due to fire in the warehouse. He actually meant that they can put their warehouse on fire and claim from insurance company against stock insured. They will use the claim money to play loan. (a) Will the company receive claim if the surveyor from insurance company cor , to know the real cause of fire? (b) Write any two Values which the company ignore while planning to arrange money from false claim. (c) State any three elements of fire insurance

Answer 1

Answer:

a) if company knows real cause, he did not pay claim.

B) (1)TERM & CONDITIOS OF the insurence company must be read before (2)Before put on fire, they should remove out all new products from the company and put old destroyed electronics in the company.

C)

Answer 2

Explanation:

will the company receive a claim if the surveyor from the insurance company comes to know the real cause of fire