A penalty imposed on the insured by the insurance carrier for under reporting/declaring the value of tangible property is known as

Keep practicing — related questions

• If uninsured goods are destroyed by accident/fire, ____ account is debited.
• Insurance for Insurance is Known as
• Debenture carrying charge on certain asset (or particular asset) of the company is known as
• An insured cannot recover more than his actual loss because of
• What is the term used for a compensation paid by the insurer to the insured for a particular loss suffered ...
• In case of an agreement to sell, subsequent loss or destruction of the goods is the liability of
• In case of an agreement to sell, subsequent loss of destruction of the goods is the liability of
• The lapsing of property to the government in default of heirs on the death of the intestate is provided for...