Tag: cover

DefinitionWar risk insurance is a type of insurance which covers damage due to acts of war, including invasion, insurrection, rebellion and hijacking. Some policies...

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

Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the...

What is 'War Damage Insurance Corporation' A government financial protection arm created during World War II to provide coverage for war risks...

What is 'War Risk' 1. The possibility that an investment will lose value because of a major, violent political upheaval. War generates...

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

What is Garage Liability Insurance and why do you need it Garage liability insurance is a type of insurance specifically for businesses that offer automotive...

DefinitionGuaranteed Auto Protection insurance was established in the North American financial industry. GAP insurance is the difference between the actual cash value of a...

What is 'Gearing' Gearing refers to the level of a company’s debt related to its equity capital, usually expressed in percentage form....

What is a 'Sample' A sample is a subset containing the characteristics of a larger population. Samples are used in statistical testing...