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Insurance

War hazard exclusion

Insurance coverage for death caused by war or hostile action is not included in this policy. This means that if a person dies as a result of these circumstances, their loved ones will not receive any financial compensation from the insurance company. It is important to understand this exclusion and consider alternative means of protection in such situations.

Straight term

Term insurance is a type of coverage that is limited to a specific period of time and cannot be renewed. This means that once the term ends, the insurance expires and the in...

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Occurrence policy

A type of insurance that covers expenses for occurrences that happen within a specific period, regardless of when the claims are made. This policy provides financial protect...

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Concurrent causation

In the realm of insurance, there exists a legal principle known as "concurrent causation." Simply put, this doctrine states that in the event of a loss caused by two perils,...

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Leasehold

A lease is a legal agreement that grants a tenant the right to use and enjoy a property for a designated period of time. This interest in real property is known as a leasehol...

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