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Insurance Contract Basics
There are as many different types of insurance contracts as there are types of insurance. The provisions in an auto insurance policy, for example, are different from the provisions in a long-term care insurance contract. In some ways, comparing insurance contracts is like comparing apples with oranges. Nevertheless, insurance policies all share certain common elements. Once you understand the basics of insurance contracts, you should be able to make some sense of your insurance policy--no matter what the type.
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