A valuation of property made for determining its insurable value or the amount of loss sustained.
A valuation of property made for determining its insurable value or the amount of loss sustained.
An insurance policy is said to be voidable where circumstances exist that entitle either one of the parties to “avoid the contract”. It is usually the Insurer who finds himself in this position when there has been a breach of ‘utmost good faith’ by the Insured.


