Question

Goods costing ₹ 2,00,000 were insured for ₹ 150000. Out of these goods, 1/3 are destroyed by fire. The amount of claim with average clause will be:

Q: Answer-Goods costing ₹ 2,00,000 were insured for ₹ 150000. Out of these goods, 1/3 are destroyed by fire. T...

Goods costing 2,00,000 were insured for 150000. Out of these goods, 13 are destroyed by fire. The amount of claim with average clause will be Claim amount Actual loss Insured amount Value of goods or property at the date of loss. 66,6671,50,0002,00,000 50,000