So, firstly: a question.

That's Kazi Moto. The policyholder is this person.

Fire. In other words, it's the thing that's being covered by insurance.

KShs. 300,000. This is the top-tier product.

Corporation Moto Moto. You can think of them as an insurance company (Dionne, 2000).

What is the second question?

Complete trust and sincerity. This clause compels both parties to be completely forthright with one
another about anything that might influence their choice to engage into a contract.

Indemnity. It is important because it shields the indemnified party from lawsuits filed by unrelated
parties. A party's insured litigation is often enumerated in the exemption provision.

Capable of being insured. When an insured has an interest in the policy's subject matter, the insurance
contract is legitimate, the insured interest is an essential component of the coverage, and insurance that
excludes those interests is null and void (Dionne, 2000).

We have a question number three for you.

Apprehension about falling for the scams of profit-driven insurance agents.

Having trouble coming up with the money for the recurring monthly payment.

No one in your immediate family might potentially benefit from life insurance.
Your health records are a major factor in determining your insurance premium (Odemba, 2013).

When prompted, ask the fourth

Expert witness insurance protection.

Insurance against incidental losses due to a fire.

Workers' comp and liability insurance for employers.

Insurance for the disabled (Dionne, 2000).

When asked question 5

The destruction of all productive gains. To put it another way, the value of the ship has been reduced to
the point where it cannot be repaired. Assuming that a total loss is imminent, the insured vessel will be
left abandoned (Dionne, 2000).

Typical failure, in the aggregate. Because of the inherent risk associated in maritime work, everyone in
the industry seems to seem in direct proportion to their willingness to give their lives to save the rest of
the ship in a crisis (Dionne, 2000).

Query 6

In no case can compensation exceed the policy's deductible.

As the value of a loss is difficult to estimate, general insurance rules cannot be applied to personal and
life insurance.

When an insured person is paid more than they are owed, the insurer has the legal right to get that
money back.
To collect on an insurance claim, the insured must demonstrate that he actually lost money due to
damage to insured property and that the loss occurred at the time of the incident (Klein, 2012).

References

John Odemba (2013). Incentives and impediments to purchasing life insurance in Kenya (Doctoral
dissertation, University of Nairobi).

R. W. Klein (2012). Assessment of current procedures and recommendations for change in insurance
regulation. Issues and Practice in Risk Management and Insurance, Volume 37, Issue 1 (Geneva Papers
on Risk and Insurance), Pages 175–199.

Author: Dionne, G. (Ed (2000). An Insurance Policy Reference Manual (pp. 155-183). Publishers, Kluwer
Academic, Boston.