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Posted by Faraz Ahmed
on 10/11/2009, 6:53 am
Insurance is a repayment of a random loss. The timing or occurrence of the loss must be uncertain. For example, you can't know your house is going to be destroyed in three weeks by a demolotion team and still get home owner's insurance.
http://www.insuranceguidances.com/types_of_insurance.html
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