Madam Tope insured her shop premises for the sum of D60,0...
Madam Tope insured her shop premises for the sum of D60,000, when insuring the shop,she did not tell the Insurance company that she cooks in the shop, but told the insurance company that she sells second hand clothes. Hence she insured her store against natural causes. Tope's shop got burnt yesterday by fire from the cooking pot.
Which of the following insurance principles was breached by Madam Tope?
Insurable interest
Contribution
Utmost good faith
Subrogation
Correct answer is C
No explanation has been provided for this answer.
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