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Vihaan insure his shop ₹4,00,000. In a fire accident the shop burned and incured a loss of ₹ 2,10,000. Vihaan claimed for the assured sum i.e ₹4,00,000. (a) Will the insurance company admit the claim in full? Why? (b) Identify and discuss the principle which id applicable here? |
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Answer» that SHOP KEEPER MUST be very CAREFUL in his shopExplanation: |
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