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Under what circumstances would an insurance company refuse to compensate an insured person?

Give circumstances under which an insurance company would refuse to compensate an insured person.

Answers

Maurice
(i) If the insured has no insurable interest in the subject matter.

(ii) If the insured did not act in 'utmost good faith' when he got insured.

(iii) Where the policy was not in force.

(iv) If the insured person cannot prove that he or she has suffered a direct financial loss.

(v) If the insured suffers a risk that he or she has not insured.

maurice.mutuku answered the question on August 16, 2017 at 05:58

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