50+ Insurance Terms Pics. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. This type of coverage pays according to what an item was worth at the time it was damaged—it takes depreciation and wear and tear into account.
With term insurance, premiums cover the cost of administration and your life insurance coverage. In this video i have explained in detail about the insurance, types of insurance, difference between life insurance and general insurance. Policy issuance is subject to qualifications.
Here are the definitions of all the insurance terms you'd ever need to know.
This comes as a huge … It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. New terms will be added to the glossary over time. Incurred but not reported losses (ibnr).
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