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 Form 2 business studies revision questions and answers set 1

Highlight five reasons why purity, who has insured her shop with an insurance company may not be compensated when loss occurs.

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Answer Text:
-If she does not enclose all the relevant information about the business
-If loss occurred did not relate with the risk insured
-If she has under or over insured
-If the loss was due to natural calamity
-If there is no insurable interest


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