For informational purposes only. Refer to your policy or ask your agent for the exact definition of any term defined in your policy.
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. The clause is an additional property insurance coverage.