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Which statement about the War of 1812 is true?
Insurable Interest
A requirement in insurance policies that the policyholder must stand to suffer a financial loss if the insured event occurs, giving them a legitimate interest in insuring the risk.
Risk Exposure
Risk exposure refers to the quantifiable potential for loss that an entity may face as a result of certain actions or decisions.
Damage
Physical harm that impairs the value, usefulness, or normal function of something, often requiring repair or compensation.
Nonconforming Goods
Products that are delivered to a buyer that do not meet the specifications or requirements as stated in the purchase contract.
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