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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 |