What percentage of people don’t have homeowners insurance?
What percentage of people don’t have homeowners insurance?
About 64 percent of homeowners don’t have enough insurance, according to CoreLogic’s Residential Cost Handbook . Worse, their homes are underinsured by an average of 27 percent. Apr 12, 2021
What are the six basic principles of insurance?
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.
What is the most important principle of insurance?
Utmost good faith, or “uberrima fides” in Latin, is the primary principle of insurance. In fact, many would argue that utmost good faith is the most important insurance principle. Essentially, this principle states that both parties involved in an insurance contract should act in good faith towards one another. Jun 24, 2020
