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C12 - Insurance on Property – Midterm Exam Questions and Answers 100% Pass

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C12 - Insurance on Property – Midterm Exam Questions and Answers 100% Pass Defining Property Insurance - Correct Answer ️️ --Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property - Correct Answer ️️ -R: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is b...

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  • Exam (elaborations)
  •  • 32 pages • 
  • by EmilyCharlene • 
  • uploaded  20-04-2024
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