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An insurance policy is a contract of Indemnity. It is a means of transferring risk of financial loss and or financial liability to another party, Namely the insurance company.
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∙ 12y ago
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What is the main purpose of purchasing buy to let property insurance?
The main purpose of purchasing buy to let property insurance is so that the landlord owning the property is covered through insurance if the tenants damage the property.
What is meant by 'pre-issuance' in regards to mortgage insurance?
What is the purpose and and benefits of per mortgage insurance
What is the purpose of mortgage protection life insurance?
The purpose of mortgage protection life insurance is to protect the home from being lost in the event the mortgagee passes away. The life insurance will pay off the balance of the existing mortgage to the finance company.
What was the primary purpose of the federal deposit insurance corporation?
To insure the solvency of banks. The FDIC, like any insurance guarantor doesn't want to pay large claims.
What describes the purpose of Federal Deposit Insurance Coporation?
to ensure that banks do not fail during an economic crisis
What is the basic purpose of insurance?
What is the basic purpose of insurance
What is the purpose of receivables insurance?
The purpose of receivables insurance is to get insurance for your company and keep it safe. Insurance is very important in many aspects in life and recivable insurance is great for companies.
What is the purpose of guardian insurance?
Guardian is actually the name of an insurance provider. The purpose is to provide individuals with health insurance to help cover the cost or medications and procedures.
Does the car insurance pay the debt when the owner dies?
Normal car insurance Liability, Collision, & Comprehensive will not pay off the loan. You would need to get the proper insurance for this purpose. Either life insurance or insurance for the purpose of loan payment.
What is the purpose of car breakdown recovery insurance?
The purpose of car breakdown recovery insurance is to cover mechanical failures that are not covered by the warranty or insurance. These repairs can add up to be very expensive.
What is the purpose of building and contents insurance?
The purpose of building and contents insurance is to protect homeowners from the damage done by natural disasters, such as hurricanes, to their homes.
What is the primary purpose of state insurance regulations?
The primary purpose is to standardize the way insurance is sold and contracts are written to protect the consumer and the insurer.
What is the purpose for having life insurance?
the purpose in having life insurance is if you have a heart attack or anything like cancer if you have life insurance then you don't need to pay for the treatment , you get to have treatment right away because your insurance pays for the treatment
What is the purpose of a license and permit bond?
insurance
Explain the purpose of a contract with reference to a policy - short term insurance?
What is the purpose of a contract?
What is the main purpose of purchasing buy to let property insurance?
The main purpose of purchasing buy to let property insurance is so that the landlord owning the property is covered through insurance if the tenants damage the property.
What is meant by 'pre-issuance' in regards to mortgage insurance?
What is the purpose and and benefits of per mortgage insurance
