Definition: The term "AF Insurance" refers to a type of life assurance policy that covers assets such as securities, real estate, and personal property for losses due to natural disasters or acts of terrorism. AF insurances are typically offered by financial institutions, insurance companies, or other entities who have access to the full pool of available risk. They may also include provisions such as exclusions from coverage (such as those that are not covered under other policies) or a deductible amount (a percentage of the policy's face value). In general, an AF insurance policy provides financial protection for the insured against losses due to natural disasters or acts of terrorism, and can be purchased through various channels. It may also include provisions such as exclusion requirements, deductibles, and coverage limits. One notable feature of AF insurances is their ability to provide a comprehensive protection against losses that could not be covered under other policies, making them an attractive option for individuals and businesses seeking financial security in the event of natural disasters or terrorist attacks.
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