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Insurance

Requisites of insurable risks

As we delve into the realm of insurance, it's crucial to understand the perspective of both the insurer and the insured. For the insurer, a critical factor is the presence of a substantial number of comparable items, while also ensuring that any potential loss is both accidental and quantifiable. On the other hand, the insured must also consider the magnitude of the anticipated loss, as it should be significant enough to cause financial strain, yet not too likely to occur. Striking a balance between these perspectives is key in navigating the world of finance and insurance.

Independent agent

A self-employed agent, typically compensated through commission, acts as a representative for multiple insurance companies. This individual possesses a deep understanding of...

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Credit insurance

In the realm of finance, there exists a crucial concept known as commercial coverage. This type of coverage protects businesses from financial losses incurred due to the ina...

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Pre-existing condition

A pre-existing condition refers to a health issue that is present before the start of a health insurance policy. This can include any illness, injury or condition that has b...

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Fire insurance

Understanding insurance coverage is crucial for any individual or business owner. One such coverage, included in homeowners and commercial multiple peril policies, protects ...

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