Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 24

Que. 1 : Q1) A fire policy covers assets like printers, machines etc. The policy did not have a Reinstatement Value Clause. In the event of loss, will the claim he paid or not and if yes, how ?    1.  a) No, the claim will not be paid    2.  b) Yes, it will be paid on market value […]