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Is it legal to insure property compensation?
Legal.
Property purchase insurance is to reduce losses when there is a problem with compensation. At the same time, property purchase insurance can effectively reduce the punishment of property evading responsibility and refusing compensation, so property compensation insurance is legal.
Property was introduced into China in 1980s, and now it has formed a complete concept, that is, property refers to all kinds of houses and their supporting equipment, facilities and venues that have been built and put into use.
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