Accidental Damagemeans physical damage, breakage or failure of Your Covered Equipment due to an unforeseen and unintentional event occurring either due to handling (e.g., dropping the Covered Equipment or through liquid contact) or due to an external event (e.g., extreme environmental or atmospher...
Definition:Optional Insurance Contract Type Jurisdiction Country Include Keywords Exclude Keywords Additional filters are available in search Open Search Use ofOptional Insurancein a Clause Optional Insurance. Any life,accidental deathoraccident and health(disability) insurance purchased by Mortgagorin connection...
Auto insurance may also pay for the loss of, or damage to, the insured's motor vehicle. Most states require that all drivers carry, at a minimum, liability insurance under a no-fault scheme. In states that recognize no-fault insurance, damages resulting from an accident are paid for by ...
10.2 Key Points10.2.1 Definition of InsuranceInsuranceAn entity that provides insurance is known as an insurer, insurance company, insurance carrier orunderwriter. A 3、person or entity who buys insurance is known as an insured or policyholder.10.2 Key Points10.2.1 Definition of InsuranceInsurance...
It is, of course, of great general interest to prevent such risks, and to find systems that distribute the costs so that random victimisation of the population is avoided. Insurance plays a fundamental role here.doi:10.1007/978-3-322-81426-5_19Göran SkoghDeutscher Universitätsverlag...
JONES ACT Definition: The Jones Act is the federal maritime law that allows a sea person injured during the course of employment to recover damages for the injuries or death in a negligence action against the employer. JOINT LIFE POLICY: ...
Definition and overview Personal accident insurance, also known asfixed indemnity insurance, provides protection for the policyholder if they get in an accident. In most cases, an accident is an unintended event that leads to injury. In some cases, someone could be partially or fully liable for ...
The meaning of SPRINKLER LEAKAGE INSURANCE is insurance against loss resulting from damage to property caused by the accidental discharge of water from an automatic sprinkler system.
There is a predetermined limit on the coverage of certain valuables andcollectibles, including gold,wedding ringsand otherjewelry, furs, cash, firearms, and similar items. Coverage is not usually provided in an HO3 for accidental breakage/damage and mysterious disappearance (lost, misplaced) of valu...
an accident or the vehicle is stolen, vandalized or damaged by a natural disaster. Instead of paying out-of-pocket for auto accidents, people pay annualpremiumsto an autoinsurancecompany; the company then pays all or most of the costs associated with an auto accident or other vehicle damage....