1. Types of Contract ( Void, Voidable, Unenforceable)
2. Parties Involved ( Insured, Insurer, Third Party)
3. Types of Insurance policy
4. Breach of Principles (Six principles)
5. Problem Statement
6. Claim Settlement
7. Opinion/ Argument/ Answer/ Summary

1. Mary, age 44, owns a small tobacco shop the premises are rented. The total value of goods in her shop amounts 30,000. She has no savings. She wants to make certain she will be able to run her business, if her shop catches fire. Identify a private insurance coverage that would provide the desired protection in this case
2. Cindy, who is age 22, just returned to the work force last week after giving birth to twins. She has limited disposable income. She is healthy now but her family history indicates the incidence of stroke. She would like some insurance coverage for her childrens in the event of her death. What kind of plans would you recommend to Cindy?