Question

During
the
voyage
,
a
hole
was
caused
at
the
bottom
of
the
ship
and
through
the
hole
a
water
entered
into
the
ship
.
As
a
result
,
the
goods
insured
were
damaged
and
Rajeev
suffered
DIVDES-
a loss.
Questions:
(a) Can Rajeev claim compensation for the damage from the insurance company?
(b) If yes, which principle of insurance is applicable?​

Answer 1

Answer:

Yes, Ashish can claim compensation for the loss from the insurance company.

Reason : In this case there are two causes of the mishap, which has occurred. Firt, the hole caused in the bottom of the ship and second, seepage of sea water into the ship. The nearest cause of the damage caused to the goods is the seepage of the water, the hole in the bottom of the ship is the remote cause. Therefore, Ashish must be compensated for the loss caused by the damage to the goods covered by the policy.

Explanation: