The insurance policy is less than the value of stock

Related MCQs

• The insurance claim due to loss of stock is reduced to the proportion that the policy value bears to the value of stock
• At the time of calculating insurance claim , the average clause is ………………. If the value of stock at the date of fire was more than the policy value.
• The ………………………. Is less than the value of stock it is called under insurance?
• Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire
• The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..
• Salvage value of stock to be ……….. from book value of stock
• Double insurance is common in ……………………. Insurance.
• Re insurance is generally found in ………………. Insurance
• The commission earned by insurance companies from others for giving them business under re insurance is called ……………………
• The commission given by insurance companies to others for receiving Business under re insurance is called ………………….