Category: IC56 FIRE INSURANCE CLAIMS – 03

Que. 1 : Q1) Under the ________, the payment to be made is the cost of reinstatement of the building or the cost of replacement of the machinery to a condition equal to its condition when new.    1.  a) Declaration policy    2.  b) Floater policy    3.  c) Reinstatement value policy    4.  d) Property policy Que. 2 : Q2) _______________is defined as […]