Augusta
VIP Contributor
Insurance contract comes with it own terms and terminologies. So you need to familiarize yourself with them to know what they mean.
Claim : This is the policy that an insured can be compensated for
Amount covered; this is the total amount to be covered for a period of time until the next renewal notice
Arson ; this is about unlawful setting fire on your property to make false claim
Cancellation : this is the cancelling of the insurance policy before expiration date
Certificate of insurance
This is a proof or a document to show that there's a insurance policy contract
Commission : this is money that is charged to the insurer premium which belongs to the broker
Contract : this is an agreement between the insured and the insurer in insurance
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Claim : This is the policy that an insured can be compensated for
Amount covered; this is the total amount to be covered for a period of time until the next renewal notice
Arson ; this is about unlawful setting fire on your property to make false claim
Cancellation : this is the cancelling of the insurance policy before expiration date
Certificate of insurance
This is a proof or a document to show that there's a insurance policy contract
Commission : this is money that is charged to the insurer premium which belongs to the broker
Contract : this is an agreement between the insured and the insurer in insurance
Add yours