A deductible is a sum of loss from which the insurance policy expressly excludes coverage.
What do you mean by insurance contract?
In a legal document called as an insurance contract, the agreement between an insurance provider and the insured is laid out. Every insurance transaction is centered around the insuring agreement, which specifies the risks covered, the policy's limits, and the length of the policy.
What type of contract is an insurance policy?
One party only makes an enforceable guarantee in a unilateral contract, which is referred to as such. When it comes to making a legally binding commitment to pay covered claims, the insurer alone establishes unilateral contracts that make up the majority of insurance policies.
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<span>began April 12, 1861ended May 9, 1865</span>
<span>The sun has six layers. Three layers, the corona, chromosphere and photosphere, comprise the sun's atmosphere or outer layer. The other three layers, convective zone, radiative zone and core, comprise the inner layers, or the parts of the sun that are not seen. <span>Fusion is the process that powers the sun and the stars.</span></span>
