Definition and meaning of PILR :

PILR: See Property Insurance Loss Register. (PR)

(Source: InsWeb)

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Definition and meaning of NEPIA :

NEPIA: Nuclear Energy Property Insurance Association. (PR)

(Source: InsWeb)

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Definition and meaning of Loss of Use Insurance :

Loss of Use Insurance: Coverage to compensate an insured for the loss of use of his property if it cannot be used because of a peril covered by the policy. See also Additional Living Expenses. (PR)

(Source: InsWeb)

Also see these pages: Loss of Use Insurance , Property Insurance, Property Insurance Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - L

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Definition and meaning of Quota Share Insurance :

Quota Share Insurance: Property Insurance which shares according to some percentage, or quota, with other policies covering the same risk. (PR)

(Source: InsWeb)

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Definition and meaning of Accounts Receivable Insurance :

Accounts Receivable Insurance: Insurance against the loss that occurs when an insured is unable to collect outstanding accounts because of damage to or destruction of the accounts receivable records by a peril covered in the policy. (PR)

(Source: InsWeb)

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Definition and meaning of Floor Plan Insurance :

Floor Plan Insurance: A form of insurance covering merchandise held for sale by a retailer which has been used as collateral for a loan. The lending institution, in effect, is insuring its collateral the merchandise "on the floor" of the retailer. (PR)

(Source: InsWeb)

Also see these pages: Floor Plan Insurance , Property Insurance, Property Insurance Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - F

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Definition and meaning of Power Interruption Insurance :

Power Interruption Insurance: This coverage indemnifies the insured in the event of loss due to the interruption of power supplied by a public utility and caused by any of the perils insured against. (PR)

(Source: InsWeb)

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Definition and meaning of Rental Value Insurance :

Rental Value Insurance: A form of Property Insurance that provides indemnity (1) for the loss of the rental value of property when the owner or tenant is deprived of the use of the property because it has been damaged by an insured peril, or (2) for the loss by the owner-landlord of the rent that would have been payable by a tenant of the property, under the terms of the lease or by statute, when he is relieved of liability for the payment of rent during a period of untenantability due to an insured peril. (PR)

(Source: InsWeb)

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Definition and meaning of Declaration :

Declaration: A term used in insurance other than Life or Health to denote that portion of the contract in which is stated such information as the name and address of the insured, the property insured, its location and description, the policy period, the amount of insurance coverage, applicable premiums, and supplemental representations by the insured. (PR,LA)

(Source: InsWeb)

Also see these pages: Declaration , Property Insurance, Property Insurance Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - D

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Definition and meaning of Wave Damage Insurance :

Wave Damage Insurance: Coverage against damage to property resulting from high waves or tides. (PR)

(Source: InsWeb)

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Definition and meaning of Mortgagee :

Mortgagee: The creditor to whom a mortgage is given and who lends money on the security of the value of the property mortgaged. (PR)

(Source: InsWeb)

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Definition and meaning of Replacement Cost Insurance :

Replacement Cost Insurance: Insurance that provides that loss will be paid on a replacement cost basis. See also Replacement Cost. (PR)

(Source: InsWeb)

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Definition and meaning of Livestock Transit Insurance :

Livestock Transit Insurance: Insurance against accidents causing death or crippling on shipments of livestock while in transit by rail, truck, or other similar means of transportation. (PR)

(Source: InsWeb)

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Definition and meaning of Power Plant Insurance :

Power Plant Insurance: This policy insures electricity generating plants against loss caused by certain specified perils. (PR)

(Source: InsWeb)

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Definition and meaning of Sprinkler Leakage Insurance :

Sprinkler Leakage Insurance: Insurance against damage done by the accidental discharge of water from an automatic sprinkler system, as contrasted with discharge because of heat from a fire. (PR)

(Source: InsWeb)

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Definition and meaning of Betterment :

Betterment: See Improvements and Betterments Insurance. (PR)

(Source: InsWeb)

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Definition and meaning of FIA :

FIA: See Factory Insurance Association. (PR)

(Source: InsWeb)

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Definition and meaning of MPIC :

MPIC: Multiple Peril Insurance Conference. (PR)

(Source: InsWeb)

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Definition and meaning of Removal :

Removal: Removing property to protect it from loss. Most personal and commercial property forms cover damage to property at another location when it has been removed from the premises to protect it from loss by a peril insured against. (PR)

(Source: InsWeb)

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Definition and meaning of Automatic Increase In Insurance Endorsement :

Automatic Increase In Insurance Endorsement: See Inflation Guard Endorsement. (PR)

(Source: InsWeb)

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Definition and meaning of Tuition Fees Insurance :

Tuition Fees Insurance: An adaptation of Business Interruption coverage. It protects a school against the indirect loss of tuition fees that may result from a fire or other peril covered by the policy which closes the school. (PR)

(Source: InsWeb)

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Definition and meaning of DIC :

DIC: See Difference in Conditions. (PR)

(Source: InsWeb)

Also see these pages: DIC , Property Insurance, Property Insurance Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - D

For more dictionary entries, see » Property Insurance Dictionary