Question

Every human being faces uncertainties and risks in day-to-day activities. Hence,

insurance is necessary for all. It is a means of providing compensation against

loss occurred due to natural or manmade factors, Under this contract, explain the

various principles of insurance along with suitable examples.​

Answer 1

Answer:

may helpful

Explanation:

Understanding how insurance contracts work can be very beneficial when you are deciding if you need a lawyer after a car crash or other serious personal injury. There are seven basic principles applicable to insurance contracts relevant to personal injury and car accident cases:

Utmost Good Faith

Insurable Interest

Proximate Cause

Indemnity

Subrogation

Contribution

Loss Minimization