Kim purchased a one-year property insurance policy.She agreed to pay half the premium when she bought the coverage,and the other half six months later.If Kim fails to pay the second premium,the insurer cannot sue her for the premium because insurance contracts are

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Insurance contracts are unilateral contracts because only one party, the insurer, is obligated to perform if the specified event (such as damage to the insured's property) occurs, provided the premiums are paid. Kim's failure to pay the second premium means she has not met the conditions for the insurer's obligation to perform, but the insurer cannot sue for the premium itself because their obligation to perform (provide coverage) is contingent upon premium payment.

Kim Purchased a One-Year Property Insurance Policy