– When insured had no insurable interest in the properly destroyed
as he will not suffer any financial loss.
- When the insured did not disclose all the relevant facts.
- When the property has been destroyed by an act of God, as the risks
are not insured when the loss was caused by an insurable e.g. act of
God/earthquake.
- When the policy was not in force at the time of loss insured when the
insured purposely causes the loss.
- When the insurance company is insolvent, hence enable to its financial
obligation.
- Lat claim where insured fails to claim within stipulation period.
- Improper procedures where the insured fails to follow laid down
procedure when claiming
Githiari answered the question on September 20, 2017 at 09:57
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