An insurance policy gives you the right to reimbursement or payment from an insurance company for losses agreed up on in a defined contract. A life insurance policy for example, needs the insurance company to evaluate a claim on the loss of life of the insured and if found accurate to pay the beneficiaries the amount agreed up on. Similarly, there are various types of insurance policies including health, vehicle, home and so on.
by MoneyPuzzle Admin · April 17, 2019
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