What Does Specifications Mean?

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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

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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