Question

12) A person gets his house insured, but he hides the fact that he store
petrol in his house. His house catches fire. He does not bother to
minimize the loss as he felt that his house is insured so it is not his
headache to make efforts to minimize the loss.
i) Can he claim compensation. Explain
ii) State & explain the various principles of insurance involved in the
above case

Answer 1

Explanation:

ii ..might bee....I'm not sure....