By Rajendra
Nov 10, 2022
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To insure is to protect and hold harmless. It does not mean loss prevention.
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A contract or policy that the policyholder and the insurer evaluate after the premium has been paid.
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The insurer, who has a financial stake in the asset covered, is the one who pays the premium.
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The insurance will shield the insured from financial responsibility in the event of a loss.
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A concept known as insurance covers a sizable population who may be exposed to the same risk in the same area or location.
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If you haven't already, be sure to assess your needs and buy the required general insurance policies as soon as you can.
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