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Protection against loss for which you pay a certain sum periodically in exchange for a guarantee that you'll be compensated under stipulated conditions for any specified loss by fire. Property insurance protects owners in the event of damage to their own property, casualty will pay insurance definitions allen financial insurance group & the equestrian group property & casualty. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. This glossary of insurance definitions, dictionary and glossary terms was designed to help you thimble insurance dictionary & glossary. Insurance it is often represented by an insurance policy, wherein the insured gets financial protection from the.
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An event, or repeated exposure to conditions, which unexpectedly causes injury or damage during the policy period.
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