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Anshuman had taken a Car Insurance Policy of 3,00,000 from Tata AIG Insurance. His car was stolen. After completing all the legal formalities, Tata AIG paid the full policy amount to him. However, after 1 year, the Police recovered the stolen car. Now, Anshuman wants to sell the car to realise money from it, while Tata AIG claims to have a right over it. Identify and state the principle of insurance which is applicable in the given case. Also, state who has the right over the Car?
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Anshuman had taken a Car Insurance Policy of 3,00,000 from Tata AIG Insurance. His car was stolen. After completing all the legal formalities, Tata AIG paid the full policy amount to him. However, after 1 year, the Police recovered the stolen car. Now, Anshuman wants to sell the car to realise money from it, while Tata AIG claims to have a right over it. Identify and state the principle of insurance which is applicable in the given case. Also, state who has the right over the Car?
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Anshuman had taken a Car Insurance Policy of 3,00,000 from Tata AIG Insurance. His car was stolen. After completing all the legal formalities, Tata AIG paid the full policy amount to him. However, after 1 year, the Police recovered the stolen car. Now, Anshuman wants to sell the car to realise money from it, while Tata AIG claims to have a right over it. Identify and state the principle of insurance which is applicable in the given case. Also, state who has the right over the Car? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Anshuman had taken a Car Insurance Policy of 3,00,000 from Tata AIG Insurance. His car was stolen. After completing all the legal formalities, Tata AIG paid the full policy amount to him. However, after 1 year, the Police recovered the stolen car. Now, Anshuman wants to sell the car to realise money from it, while Tata AIG claims to have a right over it. Identify and state the principle of insurance which is applicable in the given case. Also, state who has the right over the Car? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anshuman had taken a Car Insurance Policy of 3,00,000 from Tata AIG Insurance. His car was stolen. After completing all the legal formalities, Tata AIG paid the full policy amount to him. However, after 1 year, the Police recovered the stolen car. Now, Anshuman wants to sell the car to realise money from it, while Tata AIG claims to have a right over it. Identify and state the principle of insurance which is applicable in the given case. Also, state who has the right over the Car?.
Solutions for Anshuman had taken a Car Insurance Policy of 3,00,000 from Tata AIG Insurance. His car was stolen. After completing all the legal formalities, Tata AIG paid the full policy amount to him. However, after 1 year, the Police recovered the stolen car. Now, Anshuman wants to sell the car to realise money from it, while Tata AIG claims to have a right over it. Identify and state the principle of insurance which is applicable in the given case. Also, state who has the right over the Car? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
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