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Insurance

Compulsory auto insurance

In the world of finance, there exists a minimum threshold for auto liability insurance that is mandated by law. This coverage protects individuals from financial losses in case of an accident. It is crucial to understand this requirement and ensure that it is met to safeguard our financial well-being. So, let us delve into the details of this essential aspect of finance.

Bailment

When an individual entrusts their personal property to someone else, it is known as a bailment. This can occur in various scenarios, such as when you leave your car at a val...

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Age Limits

Insurance companies have age limits for accepting applications and renewing policies. These limits are the maximum and minimum ages that they will consider. If a person fall...

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Res ipsa loquitur

The concept of "the thing speaks for itself" is a legal principle that allows the plaintiff to recover damages without having to prove negligence on the part of the defendan...

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Substandard Risk

An individual with physical conditions, a family or personal history of disease, or engaging in risky habits may be deemed an under-average or impaired insurance risk. This ...

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