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GLOSSARY

 GLOSSARY TERMS by Alpha
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Daily
Data processing insurance
Date of Issue
Death benefit
Declarations page
Decreasing Term Insurance
Deductible
Demolition insurance
Deposit premium
Depreciation
Double indemnity
Dual life insurance

Depreciation

As property ages and becomes worn it often loses value. That loss of value must be taken into account in any adjustment of property insurance that covers loss of actual cash value.

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