Question

15. Gauri took an insurance policy for her home without disclosing that the home is being used to
house a catering business. After few months, a gas cylinder explosion, caused major damage to
her property. Consequently, she filed a claim against the insurance company for compensation
of loss. On investigating the matter, the insurance company discovered about the commercial
use of the home and refused to pay any claims. Identify and explain the principle of insurance
which has been violated in the above case
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Answer 1

Answer:

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Answer 2

Answer:

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