What Does Damages Mean?
What does Damages mean? Read on to discover the definition & meaning of the term Damages - to help you better understand the language used in insurance policies.
Damages
Damages, in the context of insurance, refer to monetary compensation one party must pay to another party in the event that the former is found to be responsible for a loss or injury to the latter. Many different insurance products provide financial protection for a number of damages.
We hope the you have a better understanding of the meaning of Damages.
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