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An insurance policy is one standardized form of the best contract drawn between the insurer together with policyholder insured. Ones agreement binds on insurer in to agreeing to fund that damages or loss incurred under the umbrella associated with rules language. On the other hand, their policyholder must lead a particular first charge referred to as insurance coverage premium together with following charge of this premium. On agreement is most important as it sets all indemnity encapsulate towards effect.

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