Joelie

Free of Particular Average (FPA) Definition.

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Particular Average (PA) is defined as a loss to an insured item, caused by a peril not excluded by the policy, which is less than a total loss. In other words, it is damage to your belongings while in transit that is less than the value of the item. There are two types of Particular … Read more

What Is a Declaration Of Trust?

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A declaration of trust is a document that establishes a trust. The document specifies the terms of the trust, including the trustees, the beneficiaries, and the assets. The declaration of trust can be used to create a variety of different types of trusts, including charitable trusts, living trusts, and irrevocable trusts. Does a declaration of … Read more