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insurance.ca.gov
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Definitions (88)
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miscellaneous insurance
Includes insurance against loss from damage done, directly or indirectly by lightning, windstorm, tornado, earthquake or insurance under an open policy indemnifying the producer of any motion picture, [..]
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actual cash value
An amount equivalent to the fair market value of the stolen or damaged property immediately preceding the loss. For real property, this amount can be based on a determination of the fair market value [..]
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admitted company
An insurance company authorized to do business in California.
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agent
A licensed person or organization authorized to sell insurance by or on behalf of an insurance company.
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aircraft insurance
Coverage for the insured in the event that the insured's negligent acts and/or omissions result in losses in connection with the use, ownership, or maintenance of aircraft.
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automobile insurance
Coverage on the risks associated with driving or owning an automobile. It can include collision, liability, comprehensive, medical, and uninsured motorist coverages.
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binder
A temporary or preliminary agreement which provides coverage until a policy can be written or delivered.
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bodily injury
Any physical injury to a person. The purpose of liability insurance is to cover bodily injury to a third party resulting from the negligent or unintentional acts of an insured.
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boiler and machinery insurance
Covers losses resulting from the malfunction of boilers and machinery. This coverage is usually excluded from property insurance creating the need for this separate product.
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broker
A licensed person or organization paid by you to look for insurance on your behalf.
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