Insurance against burglary is an example of
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Correct Answer: Option C
Explanation:
Burglary insurance is a contract of indemnity because the insurer compensates the insured for the actual financial loss suffered, subject to the terms and limits of the policy. The insured should not make a profit from the loss.
Burglary insurance is a contract of indemnity because the insurer compensates the insured for the actual financial loss suffered, subject to the terms and limits of the policy. The insured should not make a profit from the loss.