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insuranceagentservice.com
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Definitions (264)
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abandonment
As used in property insurance, prohibits the insured from abandoning damaged property to the insurance company for repair or disposal
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accelerated benefits rider
An adjustment (rider) to a life insurance policy that allows for the early payment of some portion of the policy's face amount should the insured suffer from a terminal illness or injury.
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accidental death benefit rider
An adjustment (rider) to a life insurance policy that provides for payment of an additional cash benefit when death occurs by accidental means. This amount depends on the value of the policy.
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accidental death insurance
An Insurance poicy that provides payment if the insured's death occurs as a results from an accident.
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accounts receivable coverage
Covers loss of sums owed to the insured by its customers that are uncollectible due to damage by an insured peril to accounts receivable records
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actual cash value
Cost to repair or replace damaged property with materials of like kind and quality, less depreciation
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additional insured
A person or organization for whom insured status is arranged by endorsement
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advertising injury
General liability coverage that insures against libel, slander, invasion of privacy, copyright infringement and misappropriation of advertising in connection with the insured's advertising of its goods or services
Meaning awaits approval from a moderator |
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agent
An authorized representative of an insurance company.
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aggregate
The maximum amount an insurance company will pay during the policy
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