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Definition
| A temporary insurance contract that provides proff of coverage until you recieve a permanent policy |
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Term
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Definition
| Termination of an insurance policy by the company or insured before the renewal date |
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Term
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Definition
| A person who makes an insurance claim |
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Term
| Comprehensive Coverage(Physical damage other than collision) |
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Definition
| Pays for damage to or loss of your autombile from causes other than accidents. These include hail, vandalism, flood, fire, and theft |
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Definition
| Termination of a policy due to a non-payment of premiums. |
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Term
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Definition
| Responsibility to another for ones negligence. |
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Term
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Definition
| Refers to an insured's history of losses (claims) with other companies, or the company they are currently with. A company will consider "loss history" when underwriting a new policy or considering a renewal of an existing policy. Companies view "loss history" as an indication of an insured's propensity for a claim in the future. |
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Term
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Definition
| A decision by an insurance company not to renew a policy. |
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Term
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Definition
| The cost associated with replacing property at a current market prices. |
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Term
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Definition
| The person who reviews an application for insurances and decides if the applicant |
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