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Insurance
-Protection offered to property
-Risk insured against may or not happen
-The insurance contract is renewable after every
year
-Compensation is given to owner of property
incase of loss/uncertain
Assuarance
-Protection offered to life
-Risks insured against must happen
-InsurCompensations is given to beneficiaries incase of death/certainance contract is for life an does not require renewal
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Githiari answered the question on September 23, 2017 at 09:44
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