Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire

Name: Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The net claim on under insurance is calculated as the Loss of stock x (Policy value / Value of stock on the date of fire). This formula is used to adjust the claim amount based on the policy's coverage relative to the total value of the stock at risk.

Net Claim on Under Insurance Is Equal to Loss of Stock