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Liquidated damages refers to an amount of money designated and agreed to in advance for damages, before any loss takes place, so that the actual damages need not be calculated.
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∙ 15y ago
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Can the actual cash value of an extended term life policy be liquidated by the insured?
no there is no cash value in a term insurance policy
What is the medical term meaning heart damage?
Myocardial infarction is the medical term meaning damage to the heart muscle.
What is the medical term meaning sun damage to the neck?
Poikiloderma is the medical term meaning sun damage to the neck.
What is the meaning of derangement in Insurance term?
derangement
What does the term letting insurance refer to?
The term letting insurance refers to the insurance a landlord has for property they are renting. It covers damage to the property either through accident or natural disaster.
What are the pros for short term insurance?
One good thing about short term insurance is that you do not need to pay as much as long term insurance would need. One bad thing is that once insurance is out and you get into a dilemma after it expires, you need to pay for the full damage.
What does collision mean in economics?
The term collision in insurance covers the cost of damage to a car that is the fault of the insured. Collision insurance does not cover any damage caused from vandalism or theft.
What does the term 'insurance collision' mean?
Insurance collision is a form of automobile insurance that covers physical damage. In most situations the insurer pays for the insured injuries, damage to the vehicle of the insured, and if the insured is at fault it pays for the damage to the other vehicle, and the other driver.
What is unismoker?
An insurance term that means the rates are the same regardless of whether or not you are a smoker.An insurance term meaning that rates are the same regardless of whether or not you are a smoker.
What is a unismoker?
An insurance term that means the rates are the same regardless of whether or not you are a smoker.An insurance term meaning that rates are the same regardless of whether or not you are a smoker.
Where should someone go in order to buy term life insurance?
Many insurance companies offer term life insurance. Some of these include MetLife, State Farm, and AAA. Term life insurance is often bought in level term life insurance, meaning it can last a fixed number of years.
What is ex-wind?
In insurance, the term ex-wind is when your property is affected by wind but isn't covered in the insurance. Some insurance policies don't cover wind damage.
