Payment is made despite the lack of legal liability.
Coverage is included in Section II of the homeowners policy.
A payment made to a designated beneficiary upon the death of the employee annuitant. A bond that is backed only by the general credit of the issuing corporation. No specific property is pledged as security behind the loan. An amount which a policyholder agrees to pay, per claim or per accident, toward the total amount of an insured loss. An annuity providing for the income payments to begin at some specified future date.