What Does Large Loss Principle Mean?

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

Large Loss Principle

Large Loss Principle

The large loss principle refers to the rationale behind purchasing insurance for considerably big risks and prioritizing this over insuring small ones.

We hope the you have a better understanding of the meaning of Large Loss Principle.

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