• CIP 03 CH 3
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  • Term: the existence of a number of risks with similar profiles or characteristics, e.g. in terms of frequency and severity patterns
    homogeneous risk (exposure)
  • What happens if a policyholder is underinsured?
    The insurer applies a pro-rata reduction
  • Which item is generally not defined as part of the building but is covered for accidental damage?
    Service pipes and cables
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