Identify and Briefly Explain Three Reasons Why Property Insurance Very

question 7

Essay

Identify and briefly explain three reasons why property insurance very often does not provide full indemnification, in the sense that it does not provide the insured with enough money to buy a replacement for a lost or destroyed piece of property.

---

Definitions:

Automobile Manufacturers

Companies that design, produce, market, and sell motor vehicles.

Consumer

An individual or group who purchases goods and services for personal use.

Industrial Distributors

Companies that specialize in distributing goods, typically in large quantities, from manufacturers to various end users or retailers.

Marketing Channels

Pathways or routes through which goods and services flow from the producer to the consumer, including intermediaries like distributors and retailers.