Life Insurance Valued Policy
Life Insurance Valued Policy The value of the property to be insured is determined at the inception of the policy. In this case, the insurer…
Business
Vital forms of Fire Policies
Vital forms of Fire Policies – Fire insurance is a specialized form of insurance beyond property insurance and is designed to cover the cost of replacement,…
Different Fire Insurance Policies
Fire insurance is a specialized form of insurance beyond property insurance and is designed to cover the cost of replacement, reconstruction or repair beyond what…
Uses of Fire Insurance
Uses of Fire Insurance Fire insurance is a specialized form of insurance beyond property insurance and is designed to cover the cost of replacement, reconstruction…
Fire Insurance – Definition
Fire insurance is a specialized form of insurance beyond property insurance and is designed to cover the cost of replacement, reconstruction or repair beyond what…
Perils versus Hazards
Perils versus Hazards A pail is something that can cause a loss. It is an event that can cause a financial loss. Examples include failing,…
Risk Assessment Techniques
Risk Assessment Techniques Risk assessment is the determination of a quantitative or qualitative estimate of risk related to a well-defined situation and a recognized threat…
Important Conditions of Fire Policies
Important Conditions of Fire Policies The policy conditions may be precedent to the contract conditions subsequent to the contract and conditions precedent to liability. The…
Group Insurance
Group insurance is an insurance that covers a group of people, usually who are the members of societies, employees of a common employer, or professionals…
Distinguish between General Average and Particular Average
General average and particular average losses are both marine insurance terms which are classified as partial losses. General Average is a loss which is caused…
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