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Actual Value
The true or genuine value of an asset or property, based on factual evidence and market conditions.
Interest in a House
A financial or ownership stake in a property, including rights to use or benefit from the property which may include equity or debt interests.
Co-Insurance Clause
A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim amount.
Insurance Company
A financial institution that provides a wide range of insurance policies to protect individuals and businesses against potential loss.
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