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Why is important to have utmost good faith in insurance contract unlike other commercial contract?
Manopter
as it differentiate insurance contract from other commercial contract so it is important.A contract of insurance is a contract of Utmost good faith technically known as uberrima fides. The doctrine of disclosing all material facts id embodied in this important principle which applied to all forms of insurance.
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∙ 9y ago
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What is the differenc between insurance contract and insurance policies?
Nothing, an insurance policy is a contract. To know exactly what is in your contract/ policy and make sure there are no suprises. You can e-mail an expert for free at (freeinsuranceanalysis@yahoo.com)
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