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37 Results for Tag: cover

Key Person Insurance

DefinitionKey person insurance, also commonly called keyman insurance and key man insurance or 'key employee insurance', is an important form of business insurance. There is no legal definit

Health Savings Account (HSA)

Health Savings Account (HSA) What is a 'Health Savings Account - HSA' A Health Savings Account (HSA) is an account created for individuals who are covered under high-deductible health plan

Hazard Insurance

DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that combines various persona

Back-To-Back Letters Of Credit

Back-To-Back Letters Of Credit What are 'Back-To-Back Letters Of Credit' Back-to-back letters of credit consist of two letters of credit (LCs) used together to finance a transaction. A bac

Vanishing Premium Policy

Vanishing Premium Policy What is 'Vanishing Premium Policy' A vanishing premium policy is a form of participating whole life insurance where the policyholder can use the dividends from the

Vandalism And Malicious Mischief Insurance

Vandalism And Malicious Mischief Insurance What is 'Vandalism And Malicious Mischief Insurance' A type of insurance coverage that protects against losses sustained as a result of vandals.

Financial Security

Financial Security The term security in common usage denotes safety; however in financial parlance the term is taken to refer to a tradable financial asset. In fact this term denotes any k

Water Exclusion Clause

Water Exclusion Clause What is 'Water Exclusion Clause ' A restriction in a homeowner's or renter's insurance policy that denies coverage for certain water-related claims. Types of water

Water Damage Insurance

Water Damage Insurance What is 'Water Damage Insurance ' A type of protection provided in most homeowners insurance policies against sudden and accidental water damage. Water damage insur

Watercraft Nonowned Insurance

Watercraft Nonowned Insurance What is 'Watercraft Nonowned Insurance ' A type of financial safeguard that covers marine vessels that are owned by someone other than the policyholder while
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