Question

name the principal of insurance for following statments
a) the insured is expected to disclose all the inportant facts related property insuured
b) insured must have some economics interest in subject mattter of insurance contract
c)to claim for insurance the insured must take responsible step to minimize the loss
d) insured is entiled to recover the loss suffered by him ,up to the limit of policy amount​

Answer 1

Answer:

Explanation:

Principle of mitigation

Principle of mitigation. It states that it is the duty of the insured to take reasonable steps to minimise the loss or damage to the insured property. ( or any other).

Answer 2

Explanation:

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