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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.

Protection and Indemnity (P&I) clause

"Let's discuss the importance of marine liability insurance for ocean-going vessels. This type of insurance provides protection against financial losses resulting from third...

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Rental income

Rental income is generated when individuals pay to occupy property owned by the insured. This income is an important factor in the world of finance, as it can provide a stea...

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Money Back Plan

A policy that includes a provision for the policyholder to receive periodic payments equal to a portion of the total amount guaranteed....

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Basic health insurance policy

Insurance is a crucial aspect of financial planning, especially when it comes to healthcare. In the world of finance, we often come across terms such as hospital insurance, ...

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