Refer to your policy or ask your agent for the exact definition of any term defined in your policy. Condition seen in the selling of insurance in which premium prices rise and fall over time in relation to capacity . The sales cycle is generally completed over several of years. Recovery made by an insurance company by the sale of property which has been taken over from the insured as a part of loss settlement. An insurance policy amendment or endorsement that specifies items covered, in contrast to blanket coverage, which would cover all items fitting a given description.
Auto insurance is the principal scheduled insurance purchased by consumers.
A plan funded through a fiduciary, generally a bank, but sometimes a group of individuals, which directly invests the accumulated funds. Retirement payments are made from the fund as they fall due. The procedure where an employer maintains all records regarding the employees covered under a group insurance plan. A form of risk management through which a firm assumes all or a part of its own losses. Coverage which applies to the value of goods which have been damaged or destroyed by an insured peril .