Q.

Fire insurance is a personal contract because

A. it is a contract of utmost good faith
B. it is a contract of insurable interest
C. the contract does not insure the safety of the property but only the insured from pecuniary loss due to fire
D. none
Answer» C. the contract does not insure the safety of the property but only the insured from pecuniary loss due to fire
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Principles of Insurance

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