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Because contracts of insurance coverage have numerous attributes in widespread with wagers, insurance contracts are sometimes distinguished in law as agreements wherein either occasion has an curiosity in the "wager-on" outcome past the precise monetary phrases. e.g.: a "bet" with the insurer on no matter whether a single's household will burn off down is not gambling, but fairly insurance plan – as being the homeowner has an obvious desire from the ongoing existence of his/her property unbiased from the purely money components of the "wager" (i.
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