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primary insurance

 

Definitions from the Web

Primary Insurance

Description:

Primary insurance refers to the initial level of coverage in an insurance policy, serving as the first line of financial protection against potential risks. It typically provides the basic coverage for a particular type of liability or property, protecting the policyholder from potential losses or damages.

Sample Sentences:

  1. The primary insurance policy covered the majority of the medical expenses after the accident.
  2. With primary insurance, the policyholder has a certain level of coverage before any excess or secondary insurance comes into play.
  3. Companies often choose to have primary insurance to protect their assets and minimize potential financial risks.
  4. It is essential to understand the terms and conditions of your primary insurance policy to ensure you have adequate coverage for various potential events.
  5. The primary insurance provider offered different packages to cater to individual needs, allowing customers to choose the level of coverage they require.

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