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What is Understanding Insurance Basics and Types about?

Insurance is a contract between two parties where one party called the insurer agrees to provide compensation to the other party called the insured in case of a specified loss or damage in return for periodic payments called premiums. An endorsement is a change to an existing insurance policy that adds to or restricts coverage. It becomes a legal part of the insurance policy. Common types of endorsements provide additional benefits like ensuring the insured

Author

Mamta Grover

Language

EN