Indemnity- You cannot make a profit from insurance, , Subrogation- when you recive compensation all rights of ownership to the item go to the insurance company, , Utmost good faith- you must always tell the truth on the insurance form, , Insurable Interest- you must have an interest in what you insure, insure your car not your neighbours, , contribution- if you insure with more than one company they will split the cost of the compensation, .

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