Get premium membership
and access revision papers with marking schemes, video lessons and live classes.
Below are two cases when insurance company may fail to compensate the insured. For each case identify the insurance principle and the reason for non-compensation
a)The insurer refuses to cover Owiye’s application to insure his brothers house against fire
b)Kapati bakery insured ats bakery against fire, later the bakery was burned down by fire from a neighboring bakery. The insurer did not honor the claim for compensation.