Mashruba co. ltd. was insured their house worth $3,00,000 to Agrani insurance Company for 2,00,000 and company

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Mashruba co. ltd. was insured their house worth $3,00,000 to Agrani insurance Company for 2,00,000 and company Pragati for 80,000 under an average policy. The house was destroyed by fire and actual loss was ascertained 90000

calculate:

a) The amount of insurance claim

b) Liability of insurer Agrani insurance Company

c) Liability of insurer Pragati insurance Company

Related Book For answer-question

Business Law The Ethical Global and E-Commerce Environment

ISBN: 978-0071317658

15th edition

Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt

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Posted Date: May 26, 2023 11:30 PM

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Mashruba co. ltd. was insured their house worth $3,00,000 to Agrani insurance Company for 2,00,000 and company

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To calculate the amount of insurance claim we need to determine the average clause ratio first The a... View the full answer

Business Law The Ethical Global and E-Commerce Environment

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