War Risk Insurance


 

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War Risk Insurance

Separate insurance coverage against loss or damage due to acts of war (including objects left over from previous wars).



War Risk Insurance

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Group insurance

Group insurance

Insurance coverage for a group, which can usually be obtained at a cheaper rate than insurance for an individual.


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The payment of proceeds by an insurance company to the insured to settle an insurance claim within the guidelines stipulated in the insurance policy.


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A sharing of the risk of an insurance policy by more than one insurer. Usually one insurer is liable up to a certain amount, the other liable over that amount.


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A person specialising in insurance matters and who gives advice on the subject as well as arranging cover. Remuneration would normally be by way of commission from the insurer.


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Generic term for insurance covering costs incurred due to illness, injury and disability.


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