What is insurance in simple words?
Insurance is a legal agreement between two parties – the insurer and the insured, also known as insurance coverage or insurance policy. The insurer provides financial coverage for the losses of the insured that s/he may bear under certain circumstances.
What is the insurance answer?
Insurance is a contract between the insurer and the insured, whereby the insurer agrees to compensate the insured against the loss on account of unforeseen future event. It serves as a means of protection from financial loss.
What is insurance policy in one sentence?
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay.
What is insurance class 11 in one sentence?
It is a contract or agreement under which one party agrees in return for a consideration to pay a specified amount of money to another party to make a loss, damage or injury to something of value in which the insured has a pecuniary interest as a result of some uncertain event.
[PDF] Introduction to Insurance - Real Estate Division
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[PDF] Insurance and pension for everyday needs
Insurance and pension for everyday needs www fogp dk/media/1230/insurance_for_everyday_needs pdf Some insurance contracts automatically contain liability insurance which provides coverage if one of the persons insured is liable to pay damages for a loss
[PDF] Do you have health insurance? - SAMHSA
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[PDF] Glossary of Common Insurance Terms
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[PDF] Protecting Your Future: Property and Liability Insurance
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[PDF] AGREEMENT DEFINITIONS COVERAGES
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[PDF] DEFINITIONS OF HEALTH INSURANCE TERMS
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[PDF] Questions and Answers About Health Insurance - INgov
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[PDF] Auto Insurance Glossary—a Supplement to the Automobile
ou can also stack your UM and/or UIM coverages to receive uninsured or underinsured motorist coverage from more than one policy under which you are insured
[PDF] Law on Compulsory Traffic Insurance
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[PDF] Article 39 Consumer and Customer Information Privacy Part 1
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