Risks, perils or properties defined in the policy as not covered.
Insurance which does not participate until all other similar insurance on the same subject is exhausted, or until the loss exceeds a previously agreed upon amount. Where there are two policies on a risk and both contain a provision that…
Differences listed in a policy that amend the standard declarations so as to provide the required coverage.
One who administers an examination. Insurance company underwriter who studies individual risks for acceptability. Insurance company person who receives reports of the various claims for approval of payment. Government official who attends to check the records of an insurance company.
A person who appraises value, worth or cost of items, especially construction costs.
A tentative premium set in the anticipation of being approximately correct but which may be increased or decreased when the final premium calculation is made.
In law, one of the various interests in land. The net worth of an individual’s worldly goods.
Insurance covering the legal liability of professionals not usually involved with the care of the human body such as architects, engineers, accountants. A type of insurance which will step in to take the place of insurance that has not been…
A form of inland marine insurance, often on a broad form basis, covering various kinds of equipment. The most common class is contractor’s equipment.