Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. this implies that?

Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. this implies that?

Answer Details

This implies that the loss should be borne by Mr. Lawal. When Mr. Lawal insured his warehouse, he only insured it against burglary, not fire. So, if the warehouse was gutted by fire, the insurance policy would not cover the loss and Mr. Lawal would be responsible for covering the cost of the damages or loss.