InsuranceConvertible Pain and suffering damages Social sector Incontestability clause Catastrophe factor Voluntary act
Automatic coverage
In the world of insurance, an insurer will often agree to provide coverage for accidents caused by any machinery that falls under the same category as the one specifically mentioned in the endorsement. This means that if a particular type of machinery is listed in the endorsement, any accidents caused by similar types of machinery will also be covered. This is a crucial aspect to understand when dealing with insurance policies in the context of finance.
Related terms
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