Practice question
A policy names the property and insured but deliberately says nothing about covered risks or duration. The insurer calls both optional because an address is given. Which is correct?
- A property address supplies every risk and duration automatically
- The insurer may choose all risks only after loss
- Duration is never a policy matter
- Only a court may ever specify a peril
- Section 51 separately requires risks and period; the address does not replace them
Legal references
- Insurance Code as amended by RA 10607: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html; Section 51.
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