The amount of money an Insurance Company charges for insurance coverage.
The amount of money an Insurance Company charges for insurance coverage.
Whether or not it affects a claim on the policy the Insured must comply with all warranties in the policy. In the event of breach of warranty by the Insured, the Insurer is automatically, discharged from all liability from the date of the breach, but the Insurer remains liable for Insured losses occurring prior to that date.
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