QUESTION $2$

$2\mathrm{.}1$ Thando and Ayanda have noticed a surge in criminal activity around the shopping malls where their vending machines are located. This increase in theft and vandalism has raised concerns about the security of their vending machines and products. To safeguard their business, they are considering taking out insurance.

Advise Thando and Ayanda on the TWO $(2)$ main types of insurance available. You must also include TWO

$(10$ Marks$)(2)$ practical examples to demonstrate your independent understanding of the respective types of insurances.

$2\mathrm{.}2$ Thando seeks insurance for their machines outside shopping malls in Durban. The insurance company requires certification that the machines comply with safety regulations, including proper installation and electrical wiring. Thando, having skipped certified installers to cut costs, falsely declares that all necessary certifications are in place. After a vandalism incident, Thando files a claim with the insurance.

Evaluate Thando's actions. You are to refer to the legal duties and implications which an insured bears upon

$(15$ Marks$)$ taking out insurance. You are also required to cite the applicable case law.