What Does Assessment Insurance Mean?

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What does Assessment Insurance mean? Read on to discover the definition & meaning of the term Assessment Insurance - to help you better understand the language used in insurance policies.

Assessment Insurance

Assessment Insurance

Type of life or property insurance policy in which a certain rate of premium is assessed on the basis that a higher rate may later be charged if the increased risk warrants it. Also called assessable insurance.

We hope the you have a better understanding of the meaning of Assessment Insurance.

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