Insurance terms made easy for first time buyers!
Insurance terms made easy for first time buyers!
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Insurance policies can be filled with words and phrases that are not commonly used in everyday conversation. Here are some of the most common insurance terms that you need to know. Coinsurance: The percentage (%) of your bill that the insurance will cover (after you pay the deductible) Deductible: The dollar amount of covered expenses you are responsible to pay the physician or hospital before the policy will pay any benefits. Copay: A set fee you pay for medical services, typically at the time
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Understanding insurance terms can be a head-scratcher, but we've got your back! This Insurance awareness month, Introducing "Insurance made simple", a series that breaks it all down in a simple way. Let's dive into one of the most common insurance terms: Renewals. Renewal is the process of continuing an existing insurance policy beyond its expiration date. රක්ෂණ අලුත් කිරීම යනු වර්තමානයේ ඔබ සතුව පවතින රක්ෂණ ඔප්පුව එහි කල් ඉකුත් වීමේ දිනයෙන් ඉදිරියට දීර්ඝ කිරීමේ ක්‍රියාවලියකි . காப்பீடு புதுப்பித
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