Question

1. Explain briefly the principles of insurance with suitable examples.

See the attachment plz, i deleted that app because it was not working so, ​

Answer 1

Answer:

Example: If a person has insured his house against fire, then, in case of fire, he or she should take all possible measures to minimise the damage to the property exactly in the manner he or she would have done in absence of the insurance

Answer 2

Explanation:

Example: If a person has insured his house against fire, then, in case of fire, he or she should take all possible measures to minimise the damage to the property exactly in the manner he or she would have done in absence of the insurance.