Loss

Question 1

What are the requirements to make a claim when the insured suffers a loss?

Answer 1

1. Timeous notification to the insurer
2. Make a formal claim with full particulars of the loss

Question 2

What if the insured fails to act timeously or provide sufficient details about the loss?

Answer 2

Insurer may be able to repudiate liability.

Question 3

Can a partly true and partly fraudulent claim allow an insurer to repudiate the entire claim?

Answer 3

Yes (Discovery v Masindi).