Warranty
Business

Warranty

In contract law, a warranty has various meanings but generally means a guarantee or promise which provides assurance by one party to the other party…
The Procedures of taking Marine Insurance Policies
Business

The Procedures of taking Marine Insurance Policies

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between…
Procedure of Settlement of Fire Insurance Claims
Business

Procedure of Settlement of Fire Insurance Claims

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…
Marine Insurance
Business

Marine Insurance

Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the…
Distinguish between Partial Loss and Total Loss
Business

Distinguish between Partial Loss and Total Loss

The partial loss is a damage that neither destroys the insured good or property nor renders it useless for its designed purpose. Total loss means…
Life Insurance Reinstatement Policy
Business

Life Insurance Reinstatement Policy

Life Insurance Reinstatement Policy Reinstatement is the term for making a life insurance policy active again after it has lapsed. This policy is issued to…
Life Insurance Adjustable Policy
Business

Life Insurance Adjustable Policy

Life Insurance Adjustable Policy This policy is nothing but an ordinary policy on the stock of the businessman with liberty to the insured to vary…
Life Insurance Valued Policy
Business

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…
Vital forms of Fire Policies
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
Business

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…
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