Due to the inclusion of average clause in the fire insurance policy , an insured becomes a……………….in the event of under insurance.

Related MCQs

• A policy of fire insurance is intended to protect the assured against the loss caused by fire.
• A fire policy covers loss of or damaged to insured property.
• Average clause is applicable in case of under insurance.
• If value of Insurance Policy is 21000, Stock on date of Fire is 24000 and Loss of stock is 20000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 31500, Stock on date of Fire is 36000 and Loss of stock is 27000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 63000, Stock on date of Fire is 72000 and Loss of stock is 54000 then Amount of Claim for stock will be ……………
• ……………..clause is applicable in case of under insurance
• If value of stock on date of fire is 429000, salvage is 1570000 then stock destroyed by fire will ………………
• If value of stock on date of fire is 420000, salvage is 1500000 then stock destroyed by fire will ………………
• If value of stock on date of fire is 420000, salvage is 10000 then stock destroyed by fire will ………………