Tag: claims

What is 'Water Damage Clause' A clause in a property-casualty insurance contract. A water damage clause states that the insured is covered...

Willful or wanton disregard Willful or wanton conduct means the actions of one party were done with a conscious and reckless disregard for another person's...

What is a 'Waiver Of Subrogation' A waiver of subrogation is a contractual provision where one party agrees to limit the rights...

What is 'Water Damage Legal Liability Insurance' A policy that provides financial protection to a person or business that unintentionally causes water...

What is a warranty and what does it cover A warranty is a guarantee or promise made by a seller about the quality of their...

What is 'Unchanged' A situation in which the price or rate of a security does not change between two periods. This can...

There are a lot of risks associated with working with an unauthorized insurer. In fact, it's often a bad idea to do so. However,...

What is Umbrella Insurance and what does it cover An Umbrella insurance policy is an insurance policy that provides additional coverage beyond the limits of...

What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts...

What is 'Unadjusted Basis' A basis used for depreciation purposes. Unadjusted basis uses the original cost of property or equipment without regard...