Tony took a fire insurance policy for his Property worth 5,00,000 with two insurance SBI General Insurance Co. ltd. for 4,00,00 and Punjab General Insurance Co. Ltb for 2,00,00 .A short circuit in his property cause fire and it resulted in a loss of 1,50,000 he filed a claim for 1,50,000 against each of the two insurance companies.
(a) can toni recover 1,50,000 each from the two insures?
(b) which. principle of insurance has been highlighted in the given. case?
(c) determine the libility of each of the two insurer calculate the amount compensate by each Insurance Company.
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a) 1,50,000 against each of the two insure companies.
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