Definition: "Quote of Insurance" in English comes from a proverb, which translates as: "A true friend will always have their back." This means that a person who is trustworthy and reliable will never be afraid to speak out on your behalf even if they might not agree with you. In insurance terminology, the word "quote of insurance" refers to a statement or letter written in response to an insurance claim. It can provide reassurance and comfort to the policyholder or other party involved in the claim, as it serves as a reminder that the insurer has your interests at heart. Here is a brief definition for "quote of insurance": - A quote of insurance is a written statement made by an insurance company to its customers or policyholders. It provides reassurance and comfort to policyholders, as it highlights their trust in the company's claims process and credibility with the insurance industry. - The word "quote" can be interpreted differently depending on the context and level of assurance required for the quote. In some cases, a "quote of insurance" may refer to a written agreement between an insurer and its policyholder, while in others it could refer to a public announcement or statement that indicates a willingness by the company to make an exception from their usual claims process. Overall, a "quote of insurance" is a reminder to policyholders about the company's commitment to providing reliable and trustworthy services.
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