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19032019 DEFINITION OF indemnity Insurance is a means to spread the loss caused by particulars risk over a number of people against some amount called premium Insurance creates a fund under which many persons contribute a certain some of money called the premium and out of which the persons who suffer losses are compensated
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Insurance ExplainedDefinition of Insurance Difference Between life and general insurance1101G1 TYPES OF AUTO INSURANCE Uninsured or Underinsured Motorists Insurance covers injury or damage to the driver passengers or the vehicle caused by a driver with insufficient insurance Physical Damage Insurance covers damages caused to the vehicle Collision covers a collision with another object car or from a rollover
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DEFINITION OF INSURANCE SlideServe
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19 Mar 2019 The consideration which the insured has to pay to the insurer for the protection given to him is called premium The amount for which a
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