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(a) Presence of property rights of interest /ownership
(b) Potential insurable risk must be present
(c) The property must have monetary value
(d) The insurable risk must be legal
(e) There must be the possibility of suffering financial loss in case of a risk happening
(f) It applies to both life and property
Githiari answered the question on September 23, 2017 at 10:03
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