Notice which is a condition precedent to a claim for constructive total loss of hull or cargo in marine insurance.
Notice which is a condition precedent to a claim for constructive total loss of hull or cargo in marine insurance.
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.