Meaning of the word: Participation
Participation is a supplement in the treaty, where is listed the information about the contribution to the indemnity by the insured person himself. If the damage caused by the insured, the indemnity shall be reduced just about participation. Participation is measured as a percentage, the amount ranges from 10% to 1%.back to dictionary >
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Insurance or insurance policy is a agreement between the insurer and the insured or policyholder. It is a paid service, when the insured pay regular…go to the dictionary >
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