Ash’s father Ray owns a small convenience store. A fire destroys the store. Ray eventually opens another store in a new location and he applies for fire insurance. The proposal that he fills out...

Ash’s father Ray owns a small convenience store. A fire destroys the store. Ray eventually opens another store in a new location and he applies for fire insurance. The proposal that he fills out includes this question: ‘Have you made any claims on an insurance policy in the last two years?’ Ray answers ‘No’. He thought that the previous claim was more than two years ago. It was in fact 23 months ago. There is a fire in the new store and Ray suffers substantial damage. The insurance company refuses to pay the claim. Advise Ray.

Oct 14, 2022

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Ash’s father Ray owns a small convenience store. A fire destroys the store. Ray eventually opens another store in a new location and he applies for fire insurance. The proposal that he fills out...

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