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Insurance

Property/casualty insurance

In the vast world of insurance, there are two main sectors: property/casualty and life/health. Today, let's focus on property/casualty insurance, also known as non-life or general insurance. This type of insurance covers damage or loss of property belonging to the policyholder, as well as any legal liability for damages caused to others or their property. Common examples of property/casualty insurance include auto, homeowners, and commercial insurance. It is an essential aspect of the insurance industry and plays a crucial role in protecting individuals and businesses from financial losses.

Near Birth Day(n.b.d)

refers to the age of a person in terms of the number of years, rounded to the nearest whole number, since their last birthday. This is important when calculating financial pl...

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Incontestability clause

A valuable aspect of life insurance is the incontestability clause. This provision prohibits the insurer from denying liability after two years for misrepresentations or con...

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Marine insurance

Marine insurance, specifically for goods in transit and the commercial vehicles that carry them, applies to both water and land transport. While it can refer to inland marin...

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Limited Pay Policy

In the world of finance, there exists a type of whole life insurance known as "limited pay life insurance". This unique policy allows the holder to pay higher premiums for a...

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