Home Insurance Slideshare
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Home insurance is important if you own your home. Your home is one of the most important purchases you will ever make. 3. Home insurance covers certain events like fire and some natural disasters. Your home insurance usually covers what it would cost to rebuild your home after such a disaster. 4.
Under this principle of insurance, the insured must have interest in the subject matter of the insurance. Absence of insurance makes the contract null and void. If there is no insurable interest, an insurance company will not issue a policy. An insurable interest must exist at the time of the purchase of the insurance.
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Fire Insurance An insurance against damage created from the fire is called fire insurance. Such insurance compensate the damage of house, machine, equipments, goods, things and other immovable properties of the insured from the risk of the fire. 9 10.