Tag: coverage

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...

Warehouse-To-Warehouse Clause What is 'Warehouse-To-Warehouse Clause ' A clause in an insurance policy that provides for coverage of cargo in transit....

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 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...

DefinitionTerm life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time,...

What is 'Underinsured Motorist Endorsement' An added provision or attachment to an automobile insurance policy that provides insurance coverage to the policyholder...

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...