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LSDefine

Simple English definitions for legal terms

insuring agreement

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A quick definition of insuring agreement:

Insuring Agreement: An insuring agreement is a part of an insurance policy that explains what risks the insurance company is willing to cover and the extent of that coverage. It is also known as an insuring clause. This agreement outlines the terms and conditions of the insurance policy and helps the policyholder understand what they are protected against.

A more thorough explanation:

An insuring agreement, also known as an insuring clause, is a provision in an insurance policy or bond that outlines the risk assumed by the insurer and the scope of coverage provided.

For example, a homeowner's insurance policy may include an insuring agreement that covers damage to the home and personal property caused by fire, theft, or other covered perils. This means that if the home or personal property is damaged or destroyed by a covered peril, the insurer will provide compensation to the policyholder.

Another example is a liability insurance policy for a business. The insuring agreement may state that the insurer will provide coverage for bodily injury or property damage caused by the business's operations or products. This means that if someone is injured or their property is damaged as a result of the business's actions, the insurer will provide compensation to the injured party.

Overall, the insuring agreement is a crucial component of an insurance policy as it outlines the specific risks that are covered and the extent of the coverage provided.

insurgent | insuring clause

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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