Gauri
took
an
insurance
policy
for
her
home
without
disclosing
that
the
home
is
bers
Question 6:
used to house a catering business. After few months, a gas cylinder explosion, caused me
damage to her property. Consequently, she filed a claim against the insurance companys
compensation of loss. On investigating the matter, the insurance company discovered able
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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Explanation:
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