Assets refer to “all the available properties of every kind or possession of an insurance…

Assignment means legal transference. A method by which the policy holder can person on his…

An automatic renewal clause included in a property insurance policy whereby on payout of the…

Coverage if an insured is legally liable for bodily injury or property damage caused by…

A clause in the policy which states that if at the time of damage, the…

Insurer's refusal to pay legitimate claim of policyholder. Can also refer to insurance company's refusal…

One who has custody of the property of another. Bailees “for hire” have the responsibility…

Exclusions in insurance refer to specific conditions, treatments, or circumstances that are not covered under…

A Group Contract is an insurance agreement entered into between an insurer and a group…

Group Insurance is a type of insurance policy that covers multiple individuals under a single…