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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, , called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. Everyone will or should take out insurance in one form or another.
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What is meant by import insurance?
Import insurance is used when one wants to ship something from out of the country he resides in to his home country. One would take out import insurance in case the item in question was damaged, lost, or stolen in shipping.
What is meant by Pennsylvania car insurance for new drivers?
New drivers can benefit from being on their parents insurance because their parents can take advantage of additional discounts that teen drivers wouldn't otherwise get.
What is meant by STF in terms of insurance?
STF
Are most Terrorism Insurance purchase before taking a trip overseas?
No, they are not. Most terrorism insurance policies are meant to cover large properties, not individuals, so few people take them out prior to travelling.
What is meant by insurance correspondence?
job limited in this firm
What is meant by 'pre-issuance' in regards to mortgage insurance?
What is the purpose and and benefits of per mortgage insurance
What is miscellaneous insurance?
What is meant by Miscellaneous Insurance? State and explain the different forms of miscellaneous insurances.
Who is car insurance meant for?
Car insurance is meant for anyone with a legal driving license in the country that they drive to insure their car. Usually aged 18 and upwards. In some countries it is 21+
How can you find out someone's insurance company with their ID and insurance?
If you have their drivers license and insurance card what else will you need to know their insurance company. Perhaps you did not list the question correctly for what you meant.
Do you need insurance if you ONLY have a driver's license?
No, if you have a car you need insurance but you should have a license because if not you'll get arrested. You also need life insurance and home insurance in case that what you meant
What is meant by buildings contents insurance?
Buildings contents insurance is a type of insurance you can get and it will cover the items you have in your home or building. Coverage will include fire, water and theft.
What is meant by California collision car insurance?
Collision insurance means that if you were to get in an accident the insurance company would pay to fix your car instead of the person's that you hit.
