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Sunil insured the building of his house for a sum of Rs.

Sunil insured the building of his house for a sum of Rs.500000 against fire insurance. One day the house is totally gutted in a devastating fire. The insurance surveyors certified that the building is a total loss with no salvage value and that the insurable value of the building just prior to the loss was Rs.1000000. The insurer will pay to Sunil:

A.

Rs.1000000

B.

Rs.250000

C.

Rs.500000

D.

Nil

AAFM GLO_CWM_LVL_1 Summary

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  • Product: GLO_CWM_LVL_1
  • Update on: Jul 29, 2025
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