Question

State with Reasons whether the following statement is TRUE or FALSE.

An individual must always tries to minimise the loss by fire as far as possible.

Options

• True

• False 

Answer 1

An individual must always tries to minimise the loss by fire as far as possible- True
Explanation:
The insured must take all the necessary measures and steps to control and minimise the loss caused by fire. He/she should not remain inactive while the accident occurs. This is a statement under the principle of mitigation of loss.