What Does Pooling Mean?

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

Pooling

Pooling

Pooling is a system in which a large number of people purchase insurance as a group in order to lessen the cost of coverage. Essentially, the members of the pool who are deemed low-risk compensate for the elevated cost of insuring those who are high-risk.

We hope the you have a better understanding of the meaning of Pooling.

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