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Insurance

War hazard exclusion

Insurance coverage for death caused by war or hostile action is not included in this policy. This means that if a person dies as a result of these circumstances, their loved ones will not receive any financial compensation from the insurance company. It is important to understand this exclusion and consider alternative means of protection in such situations.
Related terms
Group Life Insurance
Group life insurance is a type of coverage that provides financial protection for a group of individuals under a single policy. Unlike individual life insurance, group covera...
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Reasonable expectations
The principle of reasonable expectation, an extension of the adhesion doctrine, holds that insurance coverage should be interpreted based on what the insured would reasonabl...
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Commercial umbrella
A liability policy is a crucial tool in the world of finance, specifically designed to protect against catastrophic losses. It is a form of risk management that shields indi...
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Insurer
Insurance is a crucial aspect of risk management, and it involves transferring financial risks to an insurance company. This party, known as the insurer, provides coverage t...
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Soft market
This environment is the opposite of a sellers? market where insurance is scarce In the world of finance, we often hear the terms "buyers' market" and "sellers' market." Thes...
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Aggregate limits
In the realm of insurance, it is important to understand the difference between a yearly limit and a per occurrence limit. A yearly limit refers to the maximum amount an ins...
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