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DirectBuy showroom, Farmington, Michigan, 2012. DirectBuy is an American membership buying service headquartered in Merrillville, Indiana.Members pay a fee, which entitles them to buy products at a discount, directly from the manufacturer and its authorized suppliers.
In insurance law, it refers to a promise by the purchaser of an insurance about the thing or person to be insured. [3] In contract law, a warranty is a contractual assurance given, typically, by a seller to a buyer, [4] for example confirming that the seller is the owner of the property being sold. [5]
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
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A loan policy provides no coverage or benefit for the buyer/owner and so the decision to purchase an owner policy is independent of the lender's decision to require a loan policy. Title insurance is available in many other countries, such as Canada, Australia, the United Kingdom, Mexico, New Zealand, Japan, China, South Korea, and throughout ...
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