BusinessWarranty 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…
BusinessThe 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…
BusinessProcedure 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…
BusinessMarine 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…
BusinessDistinguish 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…
BusinessLife 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…
BusinessLife 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…
BusinessLife 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…
BusinessVital 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,…
BusinessDifferent 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…