Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire

Related MCQs

• 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 insurance claim due to loss of stock is reduced to the proportion that the policy value bears to the value of stock
• Insurance claim is a claim ……………………… by the insurance company
• The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..
• The claim lodged by the business to …………………….. on happening the event is known as insurance claim
• It is ………………………….. to ascertain the value of stock as on the date of fire
• Fire insurance, marine insurance etc come under ………………………
• Fire insurance policies contain an “………….” to discharge under insurance
• When a fixed asset is destroyed ,the loss of such asset on the date of fire can be ascertained from
• The claim lodged by the business to the insurance company on happening the event of loss is called …………………..