Examlex
Which of the following statements is true of a value chain?
Binder
A temporary insurance contract that provides coverage until a permanent policy is issued.
Homeowner's Insurance
Insurance coverage that protects against damages to a person's home and possessions within the home, along with liability coverage for accidents that happen at the home or at the hands of the homeowner within the policy territory.
Interim Home Damage Coverage
Temporary insurance protection for damages to one's home, typically used until permanent insurance takes effect or repairs are completed.
Beneficiary
An individual or entity entitled to receive benefits or assets under the terms of a will, insurance policy, retirement account, trust, or other contract.
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