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The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. [2]: 10 In some cases, however, supplementary writings such as letters sent after the final agreement can make the insurance policy a non-integrated contract.
These riders change the basic policy to provide some features desired by the policy owner. A common rider is accidental death. Another common rider is a premium waiver, which waives future premiums if the insured becomes disabled. Joint life insurance is either term or permanent life insurance that insures two or more persons, with proceeds ...
An insurance rider is a policy add-on that provides additional coverage and extends the terms and conditions of your policy. For instance, many life insurance riders allow you to use the money ...
The cost of homeowner's insurance often depends on what it would cost to replace the house and which additional endorsements or riders are attached to the policy. The insurance policy is a legal contract between the insurance carrier (insurance company) and the named insured(s). It is a contract of indemnity and will put the insured back to ...
In insurance policies, an additional insured is a person or organization who enjoys the benefits of being insured under an insurance policy, in addition to whoever originally purchased the insurance policy. [1] [2] [3] The term generally applies within liability insurance and property insurance, but is an element of other policies as well. Most ...
Rider (legislation), an additional provision attached to a bill; Rider (contract), an additional provision attached to a contract such as an insurance policy; Rider (legal judgement), an explanation appended to a legal decision by a jury or inquest; Rider (theater), a set of requests or demands that a performer will set as criteria for performance
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
Term life insurance may be chosen in favor of permanent life insurance because term insurance is usually much less expensive [1] (depending on the length of the term), even if the applicant is higher risk, such as being an everyday smoker. For example, an individual might choose to obtain a policy whose term expires near his or her retirement ...
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