Flashcards
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Cards in this deck (2)
- 1Property Insurance (5 pts)- First party insurance
- indemnifies owner or user of property
- for it's loss, or the loss of its income- producing abilities
- when the damage is caused by a covered loss
- Policy Holder pays a premium
- Loss must be sudden & accidental
(fortuitous) - 2Contract (5 points)1. Agreement 2. between legally consenting parties 3. for a consideration 4. demonstrating intent 5. to do something that is lea
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- Flashcards on Untitled, created by Caitlin McKenzie on 26/09/2020.
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- Caitlin McKenzie
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