Why is having an insurable interest so important

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Reference no: EM131494905

Question: 1. Why is having an insurable interest so important?

2. Gergen bought a house and wanted to get fire, theft, and liability insurance combined in one policy. What type of policy should he buy?

3. Describe the difference between valued coverage and open coverage.

4. What are the two ways that a driver in most states can prove financial responsibility for accidents?

Reference no: EM131494905

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