insuring agreement

Definition of "insuring agreement"
  1. The section of an insurance policy that outlines the fundamental terms under which the policy provides coverage
How to use "insuring agreement" in a sentence
  1. The insuring agreement indicates the scope of risk covered by the policy holder's insurance company.
  2. The details of the coverage are stated in the insuring agreement of the insurance policy.
  3. Before signing a policy, it is crucial to understand the insuring agreement so you know what type of risks are covered.

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