Which principle suggests that insured should try to minimize the loss of his property even if it is insured?

Related MCQs

• The ________ is the party who gets his life or property insured against risks.
• Fire insurance is a device to compensate the insured for the loss caused by _______
• The things or property insured is called ________ of the insurance
• Which of the statements are true? A. Loss prevention and loss reduction mean different things. B. Risk maybe transferred by contract.
• The cause of loss or a contigency that may cause a loss is known as--------------
• ________ means to make good the actual loss and nothing more than the actual loss.
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• ________ is the property saved from loss
• Which of the following is true? A. Policy form is a legal document. B. The warranties inserted in a policy safeguard the interest of the insured.
• The interest which the insured has in the subject matter of insurance is called ________