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Premium
The consideration paid by the insured to the insurer for insurance protection.
Water Damage
Water damage refers to the destruction or harm caused to property by water intrusion, which can result from various sources like floods, leaks, or condensation.
Decreasing Term Insurance
A type of term life insurance where the death benefit decreases over time, often used to cover specific financial obligations that reduce over time, like a mortgage.
Premium
The amount paid for an insurance policy, representing the cost to keep the policy active.
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