In law, this refers to a class of wrong that arises out of unreasonable, unwarranted or unlawful use by a person of his own property, whether that property be real or personal or from his own improper, indecent or unlawful…
The conditions of insurance policies stipulate how a policy may be terminated during its term. For example, a policy may be terminated by the insured at any time or by the insurer who must give the insured a certain number…
Notice detailing the losses and the circumstances surrounding how they occurred required by insurance companies immediately after an accident or other loss.
A policy that gives you liability protection for when you are in an at-fault accident and do not own a car.
A risk for which no insurance can be written. The chance of loss is very high or cannot be accurately measured.
A risk not involving the ordinary or average hazard of its class, or a risk free of the average hazards of all classes of risk.
The neglect or failure to do some act which ought to have been done.
A contract of insurance is based on utmost good faith. An applicant for insurance is required to disclose to the company all material facts which are necessary to underwrite a policy. If the applicant does not disclose all these facts,…
This type of automobile insurance provides some compensation for personal injury and death arising out of a motor vehicle accident, with payments made regardless of who caused the loss. However, it does matter who caused the accident; if found to…