Dictionary of insurance
Aviation insurance
It is usually sold as a package policy that includes insurance for physical damage (housing), personal injury and liability. Protects against the risks associated with the ownership and operation of an aircraft.
Beneficiary
The person or persons indicated for receiving benefits (payments) under the life insurance policy.
Bobtail coverage
It covers an empty truck returning from the drop-off point (the so-called "dead end"), when the insurance of the contracting customer may not be valid.
Personal Injury Insurance
"Personal injury" means bodily injury, illness, or illness, including necessary care, loss of services, and death.
Coverage of boilers and equipment
This form of insurance provides coverage for mechanical failure, which is usually not available in any other insurance policy. The Boiler and Machinery policy can protect the insured from the consequences of catastrophic loss of property, such as an explosion of a steam boiler or costly breakdown of machinery and equipment.
Insurance amount
The insurance amount is the maximum amount that your insurer will pay for a claim under a certain policy.
Self-insurance
The decision is not to insure an asset or risk through an insurer, but instead to have money set aside or a strategy to cover unforeseen losses.
Additional expenses
These are additional costs that may arise during the repair or restoration of damaged property. These may include demolition and clearance costs, fees to the municipality and architects, as well as additional costs caused by changes in building regulations.
Underwriting is a way in which an insurance company determines how exposed it is to risk and then calculates the premiums it will need to charge to insure that risk.
Uncertain risk
A risk that can be identified but cannot be quantified, such as a storm (it is difficult to know where, when, and how severe it will be).
Hold
Withholding something means that you are hiding something - it may be money that the insurer does not pay immediately on the claim, or it may be information that the policyholder has not disclosed.
Total loss
A total loss occurs when an asset (such as your home) is so badly damaged that it cannot be economically repaired. Depending on the terms of the insurance policy, a total loss usually attracts the maximum insured amount as compensation.
The third party
A third party is not a third party, but rather refers to a person other than those who are parties to the contract. For example, car insurance with the participation of third parties protects the insured from the risks of damage to the vehicle or property of another person (or a third party). Nous avons préparé un code promo 1xbet exclusif pour les nouveaux joueurs. Il ne peut être utilisé qu’une seule fois, lors de l’inscription. Une fois votre premier dépôt effectué, votre compte sera automatiquement crédité du bonus correspondant. Ce code vous permet de booster votre 1er dépôt de 200 % jusqu’à 200 € sur les paris sportifs. Pour convertir ce bonus en argent réel, vous devez le rejouer 12 fois en paris combinés (minimum 3 sélections, cote ≥ 1,40).
It is usually sold as a package policy that includes insurance for physical damage (housing), personal injury and liability. Protects against the risks associated with the ownership and operation of an aircraft.
Beneficiary
The person or persons indicated for receiving benefits (payments) under the life insurance policy.
Bobtail coverage
It covers an empty truck returning from the drop-off point (the so-called "dead end"), when the insurance of the contracting customer may not be valid.
Personal Injury Insurance
"Personal injury" means bodily injury, illness, or illness, including necessary care, loss of services, and death.
Coverage of boilers and equipment
This form of insurance provides coverage for mechanical failure, which is usually not available in any other insurance policy. The Boiler and Machinery policy can protect the insured from the consequences of catastrophic loss of property, such as an explosion of a steam boiler or costly breakdown of machinery and equipment.
Insurance amount
The insurance amount is the maximum amount that your insurer will pay for a claim under a certain policy.
Self-insurance
The decision is not to insure an asset or risk through an insurer, but instead to have money set aside or a strategy to cover unforeseen losses.
Additional expenses
These are additional costs that may arise during the repair or restoration of damaged property. These may include demolition and clearance costs, fees to the municipality and architects, as well as additional costs caused by changes in building regulations.
Underwriting is a way in which an insurance company determines how exposed it is to risk and then calculates the premiums it will need to charge to insure that risk.
Uncertain risk
A risk that can be identified but cannot be quantified, such as a storm (it is difficult to know where, when, and how severe it will be).
Hold
Withholding something means that you are hiding something - it may be money that the insurer does not pay immediately on the claim, or it may be information that the policyholder has not disclosed.
Total loss
A total loss occurs when an asset (such as your home) is so badly damaged that it cannot be economically repaired. Depending on the terms of the insurance policy, a total loss usually attracts the maximum insured amount as compensation.
The third party
A third party is not a third party, but rather refers to a person other than those who are parties to the contract. For example, car insurance with the participation of third parties protects the insured from the risks of damage to the vehicle or property of another person (or a third party). Nous avons préparé un code promo 1xbet exclusif pour les nouveaux joueurs. Il ne peut être utilisé qu’une seule fois, lors de l’inscription. Une fois votre premier dépôt effectué, votre compte sera automatiquement crédité du bonus correspondant. Ce code vous permet de booster votre 1er dépôt de 200 % jusqu’à 200 € sur les paris sportifs. Pour convertir ce bonus en argent réel, vous devez le rejouer 12 fois en paris combinés (minimum 3 sélections, cote ≥ 1,40).