Question

Q1.
Why the Insurance contracts are voidable?​

Answer 1

Answer:

Insurance contracts are often voidable to protect the insurer. Insurance companies may repudiate a policy if the insured fails to pay their premiums, becomes a higher risk, or is found to have lied on their application. ... One party's legal incapacity to enter a contract.

Answer 2

Explanation:

Insurance contracts are often voidable to protect the insurer. Insurance companies may repudiate a policy if the insured fails to pay their premiums, becomes a higher risk, or is found to have lied on their application. ... One party's legal incapacity to enter a contract.