case 4

Case 4

4.     A man got a insurance of his house against fire for Rs.60,000.However, due to some uncertain combustion the house was damaged to some extent. But it is estimated that Rs.30,000 will restore  to its original condition. How much is the insurer is liable to pay?

·        Insurer is liable to compensate the amount of Rs.30,000 only.(Indemnity)