Definitions of insurers. List of terms by insurance encyclopedic definitions

term
The specified number of days during which a notice of claim or proof of damages must be submitted.
Title insurance
Title insurance protects against various financial losses associated with challenging the title to your home, including legal costs and loss of property. For a one-time fee, most title insurers examine public records to make sure your property is free of title defects. This coverage can benefit both the homeowner and the mortgage company, so you need to know what kind of coverage you are paying for.
complete disability
A disability that does not allow a person to perform all professional duties. The exact definition depends on the policy.
Traffic Accident Policy
Limited contracts covering accidents that occur only while the insured person is traveling on business for the employer, away from the usual place of work and in specified vehicles.
• underwriting
The underwriting process evaluates the probability of an insured event, determines its probable cost and determines the appropriate premium for coverage that is competitive in the market and brings profit to the insurance company composing the policy. For some standardized coatings that are highly competitive, underwriting may be somewhat unimportant - the policy must be evaluated according to market pressure if the insurer wishes to remain in this coverage line. However, underwriting still plays a significant role in relation to many types of coverage, even in companies where competition is growing: automobile and housing insurance, as well as fixed-term life insurance. Not all insurance companies target the same market segment in the same states, and therefore often have different goals in their underwriting efforts, as well as different cost structures that determine the operating profit margin in their underwriting calculations. The differences in underwriting partly explain the significant differences in insurance premiums or comparable coverage.
• Unearned bonus
The part of the premium that has already been received by the insurer, the protection of which has not yet been provided.
• Insurance for uninsured/underinsured motorists
In the best possible world, everyone would have adequate insurance coverage for motor vehicle liability. But there are people who drive (often illegally) without insurance or with insufficient insurance. If one of these people causes an accident, you will not be able to recover damages. Uninsured/underinsured motorists insurance - commonly referred to as UM/UIM coverage - covers the costs of personal injury caused by an uninsured or underinsured motorist. New customers at 1xBet can get a 100% welcome bonus up to $130. To activate it, click on "Registration" in the top right corner and enter 1xBet promo code 2024 are a set of characters that allow you to receive bonuses from the company. They become available when activating a welcome offer and other current promotions on the website. You can obtain promo codes in various ways - by using the "Risk-Free Bet" promotion, regularly depositing funds into your account, as well as participating in games and lotteries in the Promo section. The company awards points for activity, which can be exchanged for promo codes.

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