Fire insurance insurance companies collect annual payments, Ask an Expert

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Fire insurance. Insurance companies collect annual payments from homeowners in exchange for paying to rebuild houses that burn down.

a) Why should you be reluctant to accept a $300 payment from your neighbor to replace his house should it burn down during the coming year?

b) Why can the insurance company make that offer?

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Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92192269

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