InsuranceVariable annuity Declaration Pro-rata clause Admitted company Law of large numbers Reciprocal
Pollution insurance
In the world of finance, there are important policies that cover potential property loss and liability due to pollution-related damages. These policies are specifically designed for sites that have been inspected and deemed uncontaminated. They operate on a claims-made basis, meaning they will only cover claims that are presented during the policy term or within a specified time frame after the policy expires. This ensures that both the insurer and the insured are protected against any unforeseen environmental liabilities.
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