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Disclosure and Concealment in Consumer Insurance Contracts (Paperback)
Loot Price: R2,622
Discovery Miles 26 220
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Disclosure and Concealment in Consumer Insurance Contracts (Paperback)
Expected to ship within 10 - 15 working days
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There is significant asymmetry of information and knowledge between
insurers and insureds in relation to consumer insurance contracts
involving home buildings, home contents, motor vehicle cover,
travel, personal accident and consumer credit. In some respects,
the insured is in a superior position - he or she is aware of the
particular circumstances surrounding the subject matter of the
insurance contract and any specific risks to which the property is
exposed or where liability may be incurred. Conversely, the insurer
is in an advantageous position as regards the scope and content of
the insurance cover being sought. The insured is aware of the
primary features of the transaction (such as the type of cover, the
quantum of cover and the premium payable) but is unlikely to have a
clear (or any) understanding of subordinate terms such as average
clauses, subrogation provisions and the myriad of exclusions,
excesses and limitations upon liability.
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