Mr. Ali purchased a fire insurance policy with a Sum Assured RO. 10,000. The value of his house is RO 20,000. A fire happened in his house and the estimated loss is RO 15,000. How much Mr. A can claim from the insurance company?
Mr. Ali purchased a fire insurance policy with a Sum Assured RO. 10,000. The value of his house is RO 20,000. A fire happened in his house and the estimated loss is RO 15,000. How much Mr. A can claim from the insurance company?
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 22CE: Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary....
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Mr. Ali purchased a fire insurance policy with a Sum Assured RO. 10,000. The value of his house is RO 20,000. A fire happened in his house and the estimated loss is RO 15,000. How much Mr. A can claim from the insurance company?
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