InsuranceClaims management Reciprocal Graded Premium Policy Promissory warranty Subrogation Pro-rata treaties
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
Understand the meaning and definition of Claims management in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Reciprocal in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Graded Premium Policy in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Promissory warranty in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Subrogation in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Pro-rata treaties in the context of stock market, trading, and investments.
MOREExplore other categories
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
