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Coverage

When discussing insurance, we often come across the term "coverage". This refers to the amount of insurance purchased from an insurance company. In other words, it is the monetary value that the policyholder is protected for in case of an event covered by the insurance policy. This is an essential concept to understand when it comes to managing risks and protecting our assets.

Indirect loss

A professor of finance understands that in the world of risk management, there are various types of losses that can occur. One such loss is known as an indirect loss, which ...

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Robbery

The acquisition of property through force, the threat of force, or violence is known as theft. This illegal act involves taking possession of another person's property witho...

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Tort

In the world of finance, there exists a term known as tort, which refers to a wrongful act that causes harm or damage and can give rise to a civil court action. This could i...

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Actuarial Cost Method

One essential tool in the realm of finance is the method used to calculate contributions within an insurance plan. This provides a comprehensive understanding of the financi...

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