Definition and meaning of property, casualty :

property/casualty:

(Source: Bank of America )

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Definition and meaning of property casualty :

property casualty: Property insurance covers damage to or loss of the policyholder's property. Casualty covers the policyholder's legal liability for damages and injuries caused to others.

(Source: Bank of America )

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Definition and meaning of American Institute for Property and Liability Underwriters, Inc :

American Institute for Property and Liability Underwriters, Inc: An insurance educational organization which establishes insurance standards and fosters educational work. Properly qualified individuals who pass a series of examinations given by this body receive the designation Chartered Property and Casualty Underwriter (CPCU). 

(Source: InsWeb)

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Definition and meaning of Title Insurance :

Title Insurance: Insurance which indemnifies the owner of real estate in the event that his clear ownership of property is challenged by the discovery of faults in the title that was passed to him.

(Source: InsWeb)

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Definition and meaning of Title Insurance :

Title Insurance: Insurance which indemnifies the owner of real estate in the event that his clear ownership of property is challenged by the discovery of faults in the title that was passed to him.

(Source: InsWeb)

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Definition and meaning of Under insurance :

Where the sum insured does not represent the true value of the property insured. See average for an explanation of the consequences of under insurance.

(Source Lloyd's )

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Definition and meaning of Appreciation :

In the context of property insurance an increase in value of the property insured.

(Source Lloyd's )

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Definition and meaning of earthquake insurance :

earthquake insurance: Earthquake policies are similar to regular homeowner's policies but without the liability coverage. You choose a dollar ceiling for the dwelling coverage, and a percentage of this ceiling is then applied to coverage's for personal property and additional living expenses (hotel expenses if your home becomes uninhabitable). Premiums for these policies are usually rather steep in the places where you would need to buy one. Until recently, the only place Californians could buy the coverage was from the California Earthquake Authority, which offered skimpy coverage. But the market is opening up again and some other companies are offering old-fashioned policies with better coverage (at higher rates, of course).

(Source: Bank of America )

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Definition and meaning of All-Risks Insurance :

All-Risks Insurance: The term "All-Risks Insurance" is used to mean insurance against loss of or damage to property arising from any fortuitous cause except those that are specifically excluded. An insurance contract which provides All-Risks Insurance is an All-Risks policy. Contrast with Named Perils. +++++

(Source: InsWeb)

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Definition and meaning of Cover :

Cover: (1) A contract of insurance. (2) To effect insurance, that is, to "cover" an insured, for instance, for Automobile Insurance effective as of a given time. (3) To include within the coverage of a contract of insurance. For example, one could "cover" additional buildings under a Property Insurance contract.

(Source: InsWeb)

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Definition and meaning of American Insurance Association, AIA :

American Insurance Association (AIA): The informational, educational, technical and legislative organization of the capital stock insurance companies in the Property and Liability fields. 

(Source: InsWeb)

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Definition and meaning of Cover :

Cover: (1) A contract of insurance. (2) To effect insurance, that is, to "cover" an insured, for instance, for Automobile Insurance effective as of a given time. (3) To include within the coverage of a contract of insurance. For example, one could "cover" additional buildings under a Property Insurance contract.

(Source: InsWeb)

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Definition and meaning of inland marine insurance :

inland marine insurance: A broad type of insurance, generally covering articles that may be transported from one place to another as well as bridges, tunnels and other means of transportation. It includes goods in transit (generally excepting transoceanic) as well as numerous "floater" policies such as personal effects, personal property, jewelry, furs, and other such items.

(Source: Bank of America )

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Definition and meaning of Assets :

Assets: The items on the balance sheet of the insurer which show the book value of property owned. Under state regulations, not all property or other resources can be admitted in the statement of the insurer. This gives rise to the term "nonadmitted assets." See also Nonadmitted Assets.

(Source: InsWeb)

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Definition and meaning of Bailee :

A person who holds the property of another person (the bailor) under a contract or agreement according to which the property held is to be returned to the bailor or delivered somewhere to his order. A bailee for reward is paid for his services.

(Source Lloyd's )

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Definition and meaning of Sublimit :

Sublimit: Any limit of insurance which exists within another limit. For example, special classes of property may be subject to a specified dollar limit per occurrence, even though the policy has a higher overall limit; a health insurance policy may limit certain benefits to fixed dollar amounts or maximum amounts per day, even though the overall coverage limit is higher.

(Source: InsWeb)

Also see these pages: Sublimit , Insurance, Insurance Sitemap, Insurance Dictionary - S

Definition and meaning of Sublimit :

Sublimit: Any limit of insurance which exists within another limit. For example, special classes of property may be subject to a specified dollar limit per occurrence, even though the policy has a higher overall limit; a health insurance policy may limit certain benefits to fixed dollar amounts or maximum amounts per day, even though the overall coverage limit is higher.

(Source: InsWeb)

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Definition and meaning of Alienated :

Alienated: In insurance, this term describes property that an insured no longer owns or holds title to. Generally a Public Liability policy will cover the insured's liability for premises alienated by him. 

(Source: InsWeb)

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Definition and meaning of Appraisal :

Appraisal: An evaluation of property made to ascertain either the appropriate amount of insurance to be written or the amount of loss to be paid.

(Source: InsWeb)

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Definition and meaning of Authorization :

Authorization: The amount of insurance an underwriter says he will accept on a risk of a given class on specific property. It is given for the guidance and information of agents.

(Source: InsWeb)

Also see these pages: Authorization , Insurance, Insurance Sitemap, Insurance Dictionary - A