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In the problem if there is nothing about average clause....shall we solve problem and calculate claim by using average clause??

pullagorla sivaram

CA Inter

★ 5

25-Feb-23 00:16

564

Answers (8)

Yes by default assume there is average clause and do

Harshitha Kalidindi

CA Final

★ 51K+

25-Feb-23 05:23

Normally questions do mention about average clause. Insurance policies are subject to average clause if the insured value is less than the actual value.

CA Suraj Lakhotia

Admin

25-Feb-23 06:26

Yeah In the question is the policy amount is less than the closing stock at the time you must apply average clause.... I hope did u understood :)

Balachandar S

CA Inter

★ 59K+

25-Feb-23 07:24

Balachandar S

Yeah In the question is the policy amount is less than the closing stock at the time you must apply average clause.... I hope did u understood :)

Tanq

Thread Starter

pullagorla sivaram

CA Inter

★ 5

25-Feb-23 07:30

CA Suraj Lakhotia Admin

Normally questions do mention about average clause. Insurance policies are subject to average clause if the insured value is less than the actual value.

Tanq sir

Thread Starter

pullagorla sivaram

CA Inter

★ 5

25-Feb-23 07:31

Harshitha Kalidindi

Yes by default assume there is average clause and do

Tanq

Thread Starter

pullagorla sivaram

CA Inter

★ 5

25-Feb-23 07:31

Yes brother we assume there is average clause

Dwarkesh Patni

CA Inter

★ 915

25-Feb-23 16:25

by defaultly we can use average clause

G Aravind

CA Inter

★ 2K+

25-Feb-23 17:12