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AINS 103 - Chapter 1-3

AINS - Chapter 1-3 - Vocabulary
Horizontales
____ policy is one that covers only one line of business
Cause of Loss
____ property is tangible property consisting of land, all structures permanently attached and whatever is growing
An insurance to value provision that will reduce a covered loss if the property is underinsured.
A legal responsibility for the consequences of an act or omission
Verticales
Physical injury to a person, including sickness, disease and death is a ______ injury
Accident, including continued and repeated exposures to substantially the same general harmful conditions
Loss _____ is any condition or situation that presents the possiblity of a loss
Party temporarily possessing the personal property in a bailment
Physical injury to, destruction of or loss of use of tangible property is property ______
Written instruments, either money or other property such as stocks and bonds
Insurance that covers many different classes of property that typically involve an element of transporation on land is _____ marine insurance