A.O.A. (Any One Accident) refers to the maximum liability an insurer will cover for third-party…

A.O.V. (Any One Vessel) is an insurance term that specifies the maximum liability an insurer…

A.O.Y (Any One Year) refers to the maximum liability of an insurance company for all…

Abandonment refers to a situation where a damaged property is deemed uneconomical to repair because…

Absolute liability refers to a legal principle where an individual or entity is held responsible…

Absolute ownership refers to the complete and unrestricted possession of a property or asset, where…

An acceleration clause is a contract provision that allows a lender to demand full or…

An accessory refers to an additional component or attachment added to a motor vehicle that…

An accident refers to an unforeseen, unintentional, and unexpected event that occurs suddenly and results…

An Accident Benefit is an additional coverage in an insurance policy that provides financial support…