can the amount of compensation received from insurance company be more than the cost of stock lost in fire?
this is, can the principle of indemnity be violated in certain cases? how?
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Replies (1)
Dear Akash,
normally no insurance company will compensate more than what is lost in fire even if the insured value is more than the value of stock
normally no insurance company will compensate more than what is lost in fire even if the insured value is more than the value of stock
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