for the reason that contracts of insurance coverage have numerous characteristics in common with wagers, insurance contracts will often be distinguished in regulation as agreements wherein either party has an desire while in the "bet-on" consequence over and above the particular financial phrases. e.g.: a "wager" with an insurance company on irrespective of whether one particular's property will melt away down isn't gambling, but somewhat insurance plan – as the homeowner has an obvious desire while in the continued existence of his/her dwelling unbiased from the purely financial areas of the "wager" (i.
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