Various conditions under fire insurance policy

There are fifteen conditions in the policy. They are:

(1)  Voidable Condition: This condition provides that the policy shall be void able in the event of misrepresentation, mis-description or non-disclosure of any material particulars. This condition emphasizes the principle of utmost good faith.

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Sum insured in the Standard Fire Policy

Under the Fire Insurance policy the Underwriters agree that “If after payment of the premium the Property Insured described in the said Schedule or any part of such Property be destroyed or damaged by any of the perils specified hereunder during the period of

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