Briefly explain the fundamental concepts related to property and liability insurance.
Answer to relevant QuestionsExplain the principle of indemnity. Are any limits imposed on the amount that an insured may collect under this principle?Describe replacement-cost coverage and compare this to actual cash value coverage. Which is preferable?Briefly describe the following supplemental property insurance coverage:(a) Earthquake insurance(b) Flood insurance(c) Other forms of transportation insurance.Fred and Sasha Seidel, both graduate students, moved into an apartment near the university. Sasha wants to buy renter’s insurance, but Fred thinks that they don’t need it because their furniture isn’t worth much. Sasha ...Describe the Internet’s impact on the world of investing.
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