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Insurance

Lifetime maximum

Insurance plans often have a limit that applies to all benefits. This limit, also known as the maximum, can have the potential to be restored over time. This means that the insured may eventually be able to collect more than the initially stated maximum. This concept is important to understand when considering insurance plans and their potential benefits.

Identity theft insurance

Identity theft coverage is essential in protecting yourself from financial loss due to fraudulent activity. This coverage not only includes expenses for notarizing fraud aff...

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Paidup Value

In the realm of insurance, the term "paid-up value" refers to the decreased sum assured that an insurer will provide if the policyholder stops making premium payments after ...

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Capacity

When considering insurance or life insurance, it is important to understand the concept of maximum coverage. This refers to the highest amount of insurance that can be purch...

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Contingent liability

The concept of vicarious liability refers to the legal responsibility of individuals, corporations, or partnerships for accidents caused by individuals who are not their emp...

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