An uninsurable risk is a risk that an insurance provider refuses to cover due to…

Utmost Good Faith (also known as Uberrimae Fidei) is a fundamental principle in insurance contracts…

Phrase referring to contracts of insurance in which both parties must disclose all the facts…

Estimation of the value of an item, usually by appraisal

An insurance contract in which the value of the thing insured and the amount to…

In law, liability arising out of imputed negligence

Of no force or effect: null

A contract obtained by fraud is a void contract

A contract, which is valid until it is treated as void by the aggrieved party,…

A waiting period in insurance refers to the time frame during which a policyholder must…