In cargo insurance covering machinery, this clause provides that, in respect of damage, the Insurer’s liability is limited to replacing and fitting the broken part.
In cargo insurance covering machinery, this clause provides that, in respect of damage, the Insurer’s liability is limited to replacing and fitting the broken part.
A form of Life Insurance that is usually a combination of Whole Life and twice as much Term Insurance. The Term portion applies until a stated date. Such a policy might be used to provide maximum protection to an individual at an earlier age when the need for insurance is greater but the ability to pay is less.