FIN 3440 Study Guide - Midterm Guide: Insurable Interest, Vehicle Insurance, Subrogation
Document Summary
Fin 3440 midterm: the following are true. D: the principle of indemnity asserts that the individual. Should only be resotred to the same financial condition that. Existed prior to the occurrence of the loss: the homeowners policy (hp) includes. Both property and liability protetions for the insured: the majority of the world"s insurance business is concentrated in. None of the above: the legal doctrine of subrogation. Entitles the insurer to recovery against a liable third party. Companies vary, but drivers living in the city vs. Drivers under 25, and those driovers whose crs have poor accident. Or theft histories tend to be charged higher auto insurance rates. 15/30/25: the comprehensive part of your auto insurance policy is: Usually required by lenders if you have a car loan. Pays for replacements or repairs after your car has been. Stolen or damaged by flood, fire, or windstorm: a firm might be more inclined to choose risk retention over risk transfer if.
