An event causing loss, which occurs without being expected or designed, usually specific in time and place.

Filed by an investigator employed by the insurance company or credit agency, giving general information on the health, habits, finances and reputation of the applicant.

Provision for payment of an additional amount – usually equal to the face amount of insurance – if the insured is killed in an accident. Popularly known as double indemnity. 

Expenses incurred in acquiring new business premiums and conservation of renewal business. Broad in scope, it includes cost of soliciting business, issuance of policies, collection of premiums, agents [..]

The cost of replacing or restoring property at prices prevailing at the time and place of the loss, less depreciation, however caused. Another definition: the sum of money required to replace property [..]

A person whose principal function is to make the technical calculations required for the pricing of insurance policies.

A second endorsement on the fire policy (fire and lightning with extended coverage) which insures the dwelling and/or contents against water damage from plumbing, etc.; boiler explosion; glass breakag [..]

One who is protected by an insurance policy other than the named insured. Examples: In automobile insurance, one who drives the insured’s car with his consent ordinarily is protected. In property insu [..]

A person who investigates and settles losses for an insurance carrier or the insured.

Most companies give the insured the right of making premium payments in advance.