Simplifying Insurance, Empowering You.
Simplifying Insurance, Empowering You.
Definition of Fire in Insurance The fire insurance contract is defined as “ an agreement, whereby one party in return for a consideration undertakes to compensate the other party against fiscal loss which the ultimate may sustain because of clearly defined subject- matter being damaged or destroyed by fire or other defined threats up to an agreed quantum ”. Fire, to make the insurer liable under the contract,
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Insurance may be defined as a contract between two parties whereby one party called insurer undertakes, in exchange for a fixed sum called decorations, to pay the other party called ensured a fixed quantum of plutocrat on the passing of a certain event. The insurance, thus, is a contract whereby Since Insurance
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Umbrella insurance is a type of liability insurance that provides an extra layer of protection beyond what your standard policies
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Insurance is a contract between an individual (or entity) and an insurance company, in which the individual pays a premium
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In day- to- day life, the man is brazened with colorful pitfalls. still great a genius he may be, it’s
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From the below explanation, we can find the following characteristics, which are generally observed in life, marine, fire, and general insurances. 1.Sharing of Risk: Insurance is a device to partake the fiscal losses which might transpire an individual or his family on the passing of a specified event. The event may be the death of a breadwinner
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