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With our best-selling course Begin-a-Business a hundred and one. The insured receives a contract , known as the insurance coverage policy , which particulars the conditions and circumstances beneath which the insurer will compensate the insured. The sum of money charged by the insurer to the policyholder for the protection set forth within the insurance coverage policy is known as the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster The insurer may hedge its personal danger by taking out … Read More