Question

The average clauses in a loss of stock policy discourages​

Answer 1

Answer:

An average clause is applied to find out the value of a claim where value of the stock on the date of fire is more than the value of insured stock. Average clause is applied by the insurance companies to discourage the under insurance of stock or any other assets. Value of stock of Rs.

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Answer 2

Answer:

Answer:

An average clause is applied to find out the value of a claim where value of the stock on the date of fire is more than the value of insured stock. Average clause is applied by the insurance companies to discourage the under insurance of stock or any other assets. Value of stock of Rs.

Explanation:

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