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Insurance |
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InsuranceA contract in which payment of premiums covers the insured against something which may, or may not occur. For example motor insurance covers the insured against accidents which may occur. In the UK insurance is differentiated from assurance (life assurance) which is protection against something which will inevitably occur.InsuranceGuarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.Insurance Similar MatchesMortgage InsuranceMortgage InsuranceInsurance written by a private mortgage insurance company (referred to as an 'PIC') protecting the mortgage lender against loss incurred by a mortgage default, thus enabling the lender to lend a higher percentage of the sale price. The Federal Government writes this form of insurance through the FHA and the VA. Keyman InsuranceKeyman InsuranceInsurance through loss (through death or disability) of a "key" (important) person in a company. The liability is the estimated cost of the loss (in business lost, and replacement of the individual). Some lenders require this insurance before lending to small companies which rely on one or a few "key" people. Endowment insuranceEndowment insuranceA cash value life insurance policy with a fixed term. Premiums are applied to give life insurance cover for the face amount and at the end of the term the cash value will equate to the face amount and be payable. Home Warranty InsuranceHome Warranty InsurancePrivate insurance insuring a buyer against defects (usually in plumbing, heating, and electrical) in the home he has purchased. The period of insurance varies and both new and used homes may be insured. Insurance policyInsurance policyA contract detailing an insurance policy and outlining what risks are insured, what insurance premiums are to be paid by the policyholder, what deductibles prevail, and all the details associated with a policy. Further Suggestionslevel term insuranceGuaranteed renewable policy insurance Mortgage payment protection insurance (MPPI) Federal Deposit Insurance Corporation (fdic) Contents insurance Title insurance travel insurance Insurance principle personal accident and sickness insurance Letting insurance permanent health insurance (PHI) motor insurance Private Medical Insurance cash value life insurance Coinsurance Insurance agent Renewable term life insurance Insurance dividend Replacement cost insurance National Insurance (NI) Basic Pension non participating life insurance policy Private Mortgage Insurance Single premium life insurance Straight term insurance policy Disability income insurance |
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