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These new insurance contracts allowed insurance to be separated from investment, a separation of roles that first proved helpful in marine insurance.<br>As mentioned earlier, insurance is a legal contract between the policyholder and the insurance supplier. The insurance coverage carries all the small print about the features and conditions under which the insurance supplier will pay out the insurance amount to the policyholder or [http://shadowaccord.nwlarpers.org/index.php?title=User:LoraAhmed151 shadowaccord.nwlarpers.org] their nominee in case an unforeseen occasion occurs. Insurance is a financial device which helps in guaranteeing monetary safety of your self and [https://lx.ahjxc.xyz/home.php?mod=space&uid=2475513&do=profile&from=space https://lx.ahjxc.xyz/] your family. Generally the one who has purchased the policy also recognized as policyholder has to pay premiums for the protection available beneath the insurance coverage. 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