Examlex
It is impossible for an individual to be approved for a finance company loan with a bankruptcy on their record.
Time Of Loss
Refers to the specific date and time an event occurred which results in an insurance claim.
Insurable Interest
The stake or financial interest that an individual or entity has in the subject matter of an insurance policy, which must exist at the time of loss for the insurance claim to be valid.
Property Insurance Policy
An agreement that offers monetary compensation to the owner or lessee of a building and its belongings in the event of destruction or theft.
Lessee
A person or entity who leases or rents property from a lessor.
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