Fire insurance
average policy
• How much insured was recovered from insurer &
how much loss insured have to carry?
participatory policy
• How much insured was
recovered from each
insurer?
Worth of property= Tk. 60000 Insured value= Tk. 40000
Actual Loss = Tk. 24000 average policy
1. A property was insured under fire insurance. How much insured was recovered from insurer & how much loss insured have to carry?
Worth of House= Tk. 1000000 Insured value= Tk. 600000
Actual Loss = Tk. 120000 average policy
2. A house was insured under fire insurance. How much insured was recovered from insurer & how much loss insured have to carry?
72000 48000
A insurance company=Tk. 250000 B insurance company= Tk. 150000
Additional information:
Actual Loss = Tk. 100000 participatory policy
3. X and Co. ltd bought fire insurance for factory from two company.
How much insured was recovered from each insurer.
A insurance company=Tk. 100000 B insurance company= Tk. 60000
Additional information:
Worth of House= Tk. 200000 Actual Loss = Tk. 80000
average policy & participatory policy
4. Mr. Sohel bought fire insurance for house from two company.
i. Amount of insurance claim under average policy & how much loss insured have to carry?
ii. Liability amount of A Company from participatory policy iii. Liability amount of A Company from participatory policy iv. Which policy is favorable to insured and why?
64000. 16000. 50000. 30000
X insurance company=
Both House & Furniture for Tk. 50000 Where Furniture was= Tk. 40000
B insurance company=
only House for Tk. 30000
Additional information:
Loss of House= Tk. 20000 Loss of Furniture= Tk. 25000
Worth of the furniture= Tk. 50000
average policy & participatory policy
5. Mr. Karim bought fire insurance from two company. How much insured was recovered from each insurer.
i. For furniture, Amount of insurance claim under average policy & how much loss insured have to carry?
ii. For House Liability amount of B Company & X Company from participatory policy
