1.

The formula to find claim ispolicy value/closing stockx loss by fireclosing stock/policy value x loss by fireproperty value/policy value x closing stockpolicy value/loss by fire x closing stock​

Answer»

ANSWER:

It depends on value of closing stock insured.

If it is fully insured value of CLAIM will be restricted to actual loss and if it is under insured we use average CLAUSE to find value of claim.

Insured AMOUNT/insurable amount ) x loss of stock



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