Fire insurance policies contain an “average clause” to discourage ……………………………..

Related MCQs

• Fire insurance policies contain an “………….” to discharge under insurance
• 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.
• Average clause is a …………… in the insurance company
• Fire insurance, marine insurance etc come under ………………………
• The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..
• General insurance policies are generally taken for
• Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire
• 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 ……………………