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The Purchase Insurance market is a segment of the insurance industry that provides coverage for the purchase of goods and services. It is designed to protect consumers from financial losses due to the failure of a vendor to deliver goods or services as promised. This type of insurance is often used to protect against the risk of a vendor going out of business, or failing to deliver goods or services as promised. It can also be used to protect against the risk of a vendor not honoring a warranty or guarantee.
Purchase Insurance can be purchased from a variety of sources, including insurance companies, banks, and other financial institutions. It is important to note that the coverage provided by Purchase Insurance is typically limited to the purchase price of the goods or services, and does not cover any consequential losses.
Some companies in the Purchase Insurance market include Allianz, AXA, Chubb, Liberty Mutual, and Zurich. Show Less Read more