Question

Explain the principles of insurance.​

Answer 1

This principle says that insurance is done only for the coverage of the loss; hence insured should not make any profit from the insurance contract

Answer 2

Answer:

here is your ans mate ✌

In the insurance world there are six basic principles that must be met, ie insurable interest, Utmost good faith, proximate cause, indemnity, subrogation and contribution. The right to insure arising out of a financial relationship, between the insured to the insured and legally recognized

may this is helpfull ❤