What Does Specifications Mean?
What does Specifications mean? Read on to discover the definition & meaning of the term Specifications - to help you better understand the language used in insurance policies.
Specifications
A detailed description of the coverage types, amounts, and policy provisions submitted to an insurer to use in preparing a proposal. Insurance specifications also typically include the underwriting data the insurer will need to price the required coverages.
We hope the you have a better understanding of the meaning of Specifications.
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