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How to Acquire Property Insurance?
gadis cantik
Property insurance can be acquired in two main ways:
Open Perils: This type of insurance covers all the losses that are not specifically excluded in the policy. The insurance company
compensates for damage to property due to flood, earthquake, war or terrorism, as well as nuclear incidents.
Named Perils: This type of policy provides coverage for damage-causing events that are specifically listed in the policy documents. This means that if the mentioned causes of loss are fire and burglary, one cannot claim for damage caused by an earthquake.
Open Perils: This type of insurance covers all the losses that are not specifically excluded in the policy. The insurance company
compensates for damage to property due to flood, earthquake, war or terrorism, as well as nuclear incidents.
Named Perils: This type of policy provides coverage for damage-causing events that are specifically listed in the policy documents. This means that if the mentioned causes of loss are fire and burglary, one cannot claim for damage caused by an earthquake.
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