Mbongeni insured his vehicle in 2018. He borrowed the vehicle to his brother in 2022, as...

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Mbongeni insured his vehicle in 2018. He borrowed the vehicle to his brother in 2022, as his brother lost his job in 2021 and is going through financial difficulties. Mbongeni eventually gifted the vehicle to his brother. Mbongeni always continued to pay the comprehensive insurance on the vehicle, as his brother did not have the means to pay insurance. Choose the correct answer. Click to open Exam Resource list Next question A If the vehicle gets stolen, Mbongeni will be covered for the loss. B If the vehicle gets stolen, Mbongeni's brother will be covered for the loss. C If the vehicle gets stolen, neither parties will be covered for any loss. D E If the vehicle gets stolen, insurable interest existed when Mbongeni insured the vehicle, and will consequently enjoy the cover. None of the options. Mbongeni insured his vehicle in 2018. He borrowed the vehicle to his brother in 2022, as his brother lost his job in 2021 and is going through financial difficulties. Mbongeni eventually gifted the vehicle to his brother. Mbongeni always continued to pay the comprehensive insurance on the vehicle, as his brother did not have the means to pay insurance. Choose the correct answer. Click to open Exam Resource list Next question A If the vehicle gets stolen, Mbongeni will be covered for the loss. B If the vehicle gets stolen, Mbongeni's brother will be covered for the loss. C If the vehicle gets stolen, neither parties will be covered for any loss. D E If the vehicle gets stolen, insurable interest existed when Mbongeni insured the vehicle, and will consequently enjoy the cover. None of the options.

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