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businesshousehold ir
house hold insurance and reducing risk within the household
Term | Definition |
---|---|
utmost good faith | when completing the proposal form you must answer all the questions truthfully and not give any false information about he item you wish to insure |
indemnity | you must not make a profit from insurance |
insurable interest | if you have an insurable interest in some thing you benefit from having it and it would cost you money to replace it |