1. Briefly explain the fundamental concepts related to property and liability insurance. 2. Explain the principle of indemnity. Are any limits imposed on the amount that an insured may collect under...


1. Briefly explain the fundamental concepts related to property and liability insurance.


2. Explain the principle of indemnity. Are any limits imposed on the amount that an insured may collect under this principle?


3. Explain the right of subrogation. How does this feature help lower insurance costs?



May 25, 2022
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