Definition: Insurance Unlimited is a type of insurance where the insurer guarantees that the policyholder will not be financially ruined if they suffer damage to their property or assets. This means that if your home, car, or other asset is damaged in an unforeseen event, such as an earthquake, flood, or fire, your insurance company will guarantee that you won't have to pay for any repairs or replacements. The word "insurance unlimited" likely refers to the policyholder's assurance that they will not be financially ruined if their property were damaged. This means that there is no financial burden on the policyholder in case of damage to their assets, as the insurer guarantees coverage against such damages.
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