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Insurance

Endowment insurance

Welcome everyone, today we will be discussing the concept of life insurance. This is a type of financial protection that guarantees a payout at the end of a specified time period, as long as the insured person is still alive. In case of the unfortunate event of death before the end of the period, the predetermined amount will be paid to the beneficiary. It provides peace of mind to individuals and their loved ones by ensuring financial stability in the face of unexpected circumstances.

Mediation

Mediation is a nonbinding process that involves a neutral third party who works towards resolving a dispute between two conflicting parties. This method is commonly used in ...

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Mortgage clause

In insurance contracts, there exists a clause which grants the mortgagor of a property the first right of recovery. This essentially means that in the event of a claim, the ...

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Pair-and-set clause

Insurance companies often use a method called "pair and set" valuation to determine the amount of compensation for lost items. This approach takes into account the differenc...

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Arson

in order to collect insurance money is known as arson, and is considered a criminal act. The amount of insurance fraud related to arson has been estimated to be in the billio...

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