Definition: The word "quotation" for insurance online refers to a document or statement that provides information about an insurance policy, including its coverage, limits, premiums, deductibles, and other important details. A quotation for insurance online typically includes the following elements: 1. Coverage: This section outlines the specific type of insurance coverage provided by the company. 2. Limits: It lists the maximum amount of coverage an insured may have under different types of policies, such as liability, property damage, or medical insurance. 3. Premiums: It details how much premium is required to cover the policy's costs and what factors determine the premiums for different policies. 4. Deductibles: This section explains what happens if a claim is denied due to certain criteria, such as fault, negligence, or bad faith. 5. Payouts: It outlines how the insurer will pay out claims, including amounts that are covered under each policy and how the payment will be made. 6. Additional information: This section provides additional details about the policy, such as the policyholder's name, address, and contact information. The definition of "quotation for insurance online" can vary depending on the specific product being sold or purchased. However, it generally refers to a document that includes essential information about an insurance policy, making it useful for consumers looking to buy or modify their insurance coverage.
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