CTN PRESS

PRINCIPLES AND LEGAL CONCEPTS IN RELATION TO INSURANCE OF BUILDINGS Insurance of buildings is an important consideration for property owners, landlords, and tenants. It provides financial protection in the event that the building is damaged or destroyed by a covered event. However, it is important to understand the principles and legal concepts that govern insurance […]

PRINCIPLES AND LEGAL CONCEPTS IN RELATION TO INSURANCE OF BUILDINGS Insurance of buildings involves the transfer of risk from the owner of a property to an insurance company in exchange for a premium. There are several principles and legal concepts that are important to understand in relation to insurance of buildings, including: Principle of indemnity: