1Cademy - A car insurance contract is considered incomplete primarily because the insurer cannot perfectly predict the probability of external events, such as hailstorms or theft in a high-crime area, that could damage the car.

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A car insurance contract is considered incomplete primarily because the insurer cannot perfectly predict the probability of external events, such as hailstorms or theft in a high-crime area, that could damage the car.

Updated 2025-08-21

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