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Fire insurance
How less expenses is less premium for insurance?? Pls explain
Answers (7)
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 ??
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.
If you declare less value of assets, the insurance premiums will be less.
Sir I m asking how expenses is related to premium??
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 ??
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