Business Studies, asked by alivenguzo91, 2 months ago

example of an insurance contract​

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Answered by pareshborhade57
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Answer:

Insurance contracts are Unilateral contracts, where only the insurer makes legally enforceable promises to pay for covered losses. ... However, Insurance contracts are also Conditional Contracts i.e. if the Insured fails to abide the contract, then the Insurer is not obligated to pay for any Insured's losses.

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