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peril
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What does it mean loss history on insurance policy?
Loss history refers to the claims you have had in the past wether on that property or another.
What is the meaning of monetary loss in insurance?
In the context of property insurance, "monetary loss" refers to the destruction or the reduction in value of the object insured. It can also refer, for example, in the context of collision or comprehensive coverage in an auto policy, to the cost of repair. In the context of health insurance, it can refer to the cost incurred in providing medical care (for which the insured would otherwise be liable-this, incurring a monetary loss). In the context of life insurance, it refers to the loss of the financial interest that a beneficiary has in the continued life of an insured.
Why is it necessary to own life insurance?
Insurance is a tool to prevent financial loss. If there are ones that would be put at a disadvantage because of your loss of income or if you have debts that would cause hardship then you need life insurance.
What is the meaning of insurance in simple words?
Protection from unexpected ( accidental ) loss of an asset.
Can I say anything in court after receiving my 2nd no insurance ticket to reduce loss of license in IN.?
lknmlk
Shattered patio door class covered under homeowners insurance?
Depends on the cause of loss.
What does peril mean in insurance?
In an insurance policy a peril is a cause of loss like theft or fire. Perils can be named and include flooding, hail, and wind damage. Policies have both open perils and named perils.
What aspects of a persons life does contents insurance cover?
Contents insurance is a type of coverage that covers damage or loss to personal possessions in one's home. Specifically, it refers to items that are not attached to the house itself.
What is a loss payee?
Loss payee is a party to whom an insurance loss payment or insurance sattlement may be directly paid.
What does gap insurance provide in the early years of one's loan?
Gap insurance refers to insurance which covers the gap between new car replacement and the current value of the car. It eliminates the risk of a car insurer not paying out enough in the event of a loss.
What is insurance accumulation value?
In property and casualty insurance, refers to the total combined risks that could be involved in a single loss event (involving one or more insured perils). Source: http://www.irmi.com/online/insurance-glossary/terms/a/accumulation.aspx
Disability Insurance Needs?
Disability Insurance Needs One of the most common causes of income loss is through a disability. While most disabilities cause only temporary loss of income, any income loss can be devastating if you are not financially prepared. This calculator helps you determine how much disability insurance you may need to cover expenses during such a disability.
