Explain five circumstances under which an insurance company would not compensate the insured in the event of loss

  • Losses caused the insurers carelessness i.e not accidental
  • Incase the insured has no insurable interest in the property
  • Incase of accident / loss is not directly related to the risk insured
  • Incase the insured has not paid premiums as expected
  • If on investigation the insurance company realises that false information was given the insured
  • A car accident which is caused a third person who is not insured

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