Tag: property
Waiver Of Coinsurance Clause
Waiver Of Coinsurance Clause What is 'Waiver Of Coinsurance Clause ' Language in an insurance policy that says the insurance company...
Water Damage Insurance
Most people only think about water damage insurance when they are in the middle of a flood or some other major water emergency. But...
Watercraft Nonowned Insurance
Watercraft Nonowned Insurance What is 'Watercraft Nonowned Insurance ' A type of financial safeguard that covers marine vessels that are owned...
War Risk Insurance
DefinitionWar risk insurance is a type of insurance which covers damage due to acts of war, including invasion, insurrection, rebellion and hijacking. Some policies...
Water Damage Clause
What is 'Water Damage Clause' A clause in a property-casualty insurance contract. A water damage clause states that the insured is covered...
War Exclusion Clause
What is 'War Exclusion Clause' A clause in an insurance policy that specifically excludes coverage for acts of war such as invasion,...
Wasting Trust
What is 'Wasting Trust' A trust that holds plan assets when a qualified plan is frozen. A "wasting trust" derives its name...
Wear And Tear Exclusion
Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the...
War Damage Insurance Corporation
What is 'War Damage Insurance Corporation' A government financial protection arm created during World War II to provide coverage for war risks...
Wanton Disregard
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...