What insurance principle has Mr. R violated if he decides to overstate the actual value of his property?

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What insurance principle has Mr. R violated if he decides to overstate the actual ...

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NAME	INSUREDAMOUNT(₦)	ACTUALVALUE(₦)	ACTUALLOSS(₦)
Mr. PMr. KMr. R	25,00030,00040,000	100,000120,000150,000	30,00040,00050,000

What insurance principle has Mr. R violated if he decides to overstate the actual value of his property?

A. insurable interest
B. uberrimae fidei
C. subrogation
D. indemnity

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• Accounts - Principles of Accounts

• Christian Religious Knowledge (CRK)

• Islamic Religious Knowledge (IRK)

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