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单词 loss settlement
释义

loss settlement

Definition
Homeowners are for the most part required to carry insurance for 80% of the value of their home in order to receive a full settlement from their insurance company in the event of a loss as a result of fire, accident or an act of God. If the homeowner carries insurance that covers less than 80% of the value of the home, the reimbursement by their insurance company will not cover the entire cost of the loss.
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更新时间:2025/3/10 5:37:49