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guarantor

Who’s Covered: Insured Party vs. Guarantor in Plain English

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In the realm of insurance, a clear distinction exists between the insured party and the guarantor without title. The insured party, also known as the policyholder, is the individual or entity who enters into a contract with an insurance company to protect themselves against specific risks or losses. They are the primary beneficiary of the … Read more

The Insured vs. the Guarantor: Understanding the Distinction in Insurance

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The distinction between the insured party and the guarantor without title is often overlooked, yet it has significant implications in the realm of insurance coverage. The insured party is the individual or entity identified in the insurance contract as the intended beneficiary of the policy’s protection. They possess vested rights to the coverage and are … Read more