- Policyholder;theinsuredWewereinsuredforAllRisks.Itturnedouthehadnotinsuredthehousesufficiently.Heinsuredhiscaragainstaccident,theft,andfire.Theyinsuredagainstdefeatbyconcentratingasuperiorforce.Therearecurrently220millioninsuredAmericans,andtheCMSpre...
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- Inconformitywithyourinstructions,wehavethegoodsinsuredagainstAllRisks.B:Yes.Ifthebuyerswantofhavethegoodsinsuredagainsttheserisks,weshallarrangeforthem.Astheconsignorhadthegoodsinsuredagainstdamageandpilferage,wewouldliketoclaimonyouforacompensationo...
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- Avaluedpolicyisapolicywhichspecifiestheagreedvalueofthesubjectmatterinsured.AbandonmentinMarineinsuranceiswhenconstructivetotallosshappens,theassuredtransferrightsoftheinsurertothesubjectmatterinsuredanddemandsindemnificationfromtheinsurer.Expensesin...
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- Policiestakenoutinhisnameprovethathewasfullyinsured.Nowadays,allarticleswhichapplytheutilitytheorytodeterminethepremiumratesgiveprioritytothefullyinsuredandfullpaymentinordertogetthepricerangeofpremiumrate.Arivalcouldofferadealwithslightlylowerpremiu...
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- 1、Forannualpolicy,theinsuredcanhavemorethanonetripduringtheinsuredperiodwiththemaximuminsureddayforeachtripis90days.2、Article220theinsuredamountshallbeagreeduponbetweentheinsurerandtheinsured.3、Ifthereareseparateitemswithseparateinsuredamountsthei...
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