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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Answer:
Escarpments are steep slopes and cliffsides that are caused by erosion.
American foreign policy, and any country that has a foreign policy for that matter, must always be aware of the economic tendencies that are happening all over the world. Economic hardships in one country are sure to have a domino effect on others and create a worldwide economic struggle, thus, America having the need to change direction in foreign policies if needed.
TRUE, when developing an od contract, the od process is clarified
A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. A contract usually includes a transfer of goods, services or money, or a promise to transfer at a later date. An example of a contract is a loan agreement between a car buyer and seller. An example of a contract is an agreement between two of her who wish to marry. noun.
A contract, in its simplest definition, is a legally enforceable promise. A promise can be to do something or not to do something. Execution of a contract usually requires the mutual consent of two or more people, one making the offer and the other accepting.
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