Business Studies, asked by navinjeswani, 1 year ago

which principle of insurance is related with this case? explain that principle.​

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Answered by fryead430
0

Answer: Principle of contribution

Explanation:

Each policy you have on the same subject matter pays their proportion of the loss incurred by the policyholder. It's an extension of the principle of indemnity that allows proportional responsibility for all insurance coverage on the same subject matter.

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