Question

A factory owner gets his stock of goods insured but he hides the facts the electricity board has issued him a statutory warning letter to get his factory's wiring changed later on the factory catches fire due to short circuit of wiring can he claim compensation

Answer 1

no he can not get compensation but it actually depends

Answer 2

No, he cannot claim the compensation because the principle of utmost good faith is not followed. According to this principle, it is the duty of the insurer and insured to voluntarily make full accurate disclosure of all facts, material to the insurance contract.