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War Damage Insurance Corporation


Definition of "War damage insurance corporation"

Chris & Maria Skrip
  RE/MAX 1st Advantage

Government reinsurance program that provided coverage for U.S. properties during World War II. Private insurers shared the first layer of coverage, with the government providing catastrophic loss coverage. This is one of several government insurance programs for exposures that private insurers cannot cover because techniques of spreading the risk do not apply.



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