Medi Assist Healthcare IPO

Home Insurance

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Insurance

Mortgage clause

In insurance contracts, there exists a clause which grants the mortgagor of a property the first right of recovery. This essentially means that in the event of a claim, the mortgagor has priority over the insurer to receive compensation for damages or losses to the property. This clause is crucial in providing security and protection to the mortgagee, ensuring that they do not suffer financial loss in case of any unfortunate events. So, it is important for individuals to understand the concept of first right of recovery and its implications when entering into any insurance agreements.

War risk

In the realm of finance, there exists a special coverage that pertains to cargo transported on overseas ships. This coverage protects against the risk of confiscation by a g...

More

Voluntary coverage

As consumers, we have the power to make purchasing decisions that align with our individual needs and preferences. This same principle applies to insurance - a financial tool...

More

Incontestability clause

A valuable aspect of life insurance is the incontestability clause. This provision prohibits the insurer from denying liability after two years for misrepresentations or con...

More

Representation

One of the key factors in determining an insurance contract is the statement made by the applicant before the agreement is finalized. This statement can greatly impact the i...

More