Rishabh insured his factory for Rupees 5Lakh against fire. Due to fire, he suffered a loss of Rupees 2Lakh.

Question

Rishabh insured his factory for Rupees 5Lakh against fire. Due to fire, he suffered a loss of Rupees 2Lakh.

Rishabh insured his factory for Rupees 5Lakh against fire. Due to fire, he suffered a loss of Rupees 2Lakh. How much amount he can recover from the insurance? Why? Explain with the help of principle?

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

2 lakh, Principle of Indemnity

5 views Answered 2023-02-05 15:29