IndigoLearn

Fire insurance

How less expenses is less premium for insurance?? Pls explain


Reetikaa  R

Reetikaa R

CA Foundation

4K+

23-Jan-21 15:11

14

Answers (7)

can you elaborate your query?


Suraj Lakhotia

Suraj Lakhotia

Admin

23-Jan-21 18:52

can you elaborate your query?

Sir in video ,sir told that companies prefer to show less expenses to insurance company so that premium will be less .my question is how is it related ??


Reetikaa  R

Reetikaa R

CA Foundation

4K+

23-Jan-21 20:17

Sir in video ,sir told that companies prefer to show less expenses to insurance company so that premium will be less .my question is how is it related ??

If you declare less value of assets, the insurance premiums will be less.


Suraj Lakhotia

Suraj Lakhotia

Admin

24-Jan-21 16:15

If you declare less value of assets, the insurance premiums will be less.

Sir I m asking how expenses is related to premium??


Reetikaa  R

Reetikaa R

CA Foundation

4K+

25-Jan-21 14:08

Sir I m asking how expenses is related to premium??

INsurance premium is an expense


Suraj Lakhotia

Suraj Lakhotia

Admin

25-Jan-21 18:32

INsurance premium is an expense

Sir my doubt is when insuring standing charges ,companies prefer to show less expenses so that they can pay less premium . How this insured standing charges is related to premium ??


Reetikaa  R

Reetikaa R

CA Foundation

4K+

25-Jan-21 19:16

Sir my doubt is when insuring standing charges ,companies prefer to show less expenses so that they can pay less premium . How this insured standing charges is related to premium ??

Since insurance for loss of profit also covers standing charges, lower expenses declared means lower permium


Suraj Lakhotia

Suraj Lakhotia

Admin

26-Jan-21 15:51