Insurance Value is defines as -
(a) the Value of the Building for which the building is insured including its foundation
(b) the Value of the Building for which the building is insured excluding its foundation
(c) the Value of the Building for which the building is insured only for fire
(d) the Value of the Building for which the building is insured only for earthquake.
The correct Answer Is
(b) the Value of the Building for which the building is insured excluding its foundation
(a) the Value of the Building for which the building is insured including its foundation
(b) the Value of the Building for which the building is insured excluding its foundation
(c) the Value of the Building for which the building is insured only for fire
(d) the Value of the Building for which the building is insured only for earthquake.
The correct Answer Is
(b) the Value of the Building for which the building is insured excluding its foundation