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In the advent of any occurrence of uncertain event, it is the utmost duty of the insured to make sure that if controlled, minimality of loss on the damaged insured property should be taken into account. The attitude of negligence to such event is not tolerable to the insurer, given such in the contract created in the insurance policy, for the very reason of security that a compensation will be given. That is the very essence of the principle of loss minimization
All saftey precuations regarding specific riks that taken by the insured or recommended by the insurance company are a loss minimisation method and as well reducing the cost of the insurance that to be paid by the insured. e.g in fire insurance precuation the installation of fire extinguishers water hoses and fire alarm will certainlly minmise the losses or damages effect that may caused by a fire incidient.
Also as per insurance policy conditions the insured should behave as if he is uninsured and be aware about saftey of the property insured pre and after the incident.
Thanking you.
Loss should always be mitigated irrespective of your insurance status.
