what is average clause? why is it included in fire claims
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what is average clause? why is it included in fire claims ?
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The 'average clause' is defined as a clause in an insurance policy requiring that you bear a proportion of any loss if your assets were insured for less than their full replacement value.
According to the average clause in the fire insurance policy, If the actual cost of the goods/property is higher than the sum insured for such goods/property, then the insured has to bear the difference.
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साझेदारी संलेख का अर्थ एवं उद्देश्य समझाइए इसकी सामान्य बातो में क्या क्या शामिल हैं
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