Ambiguity
Definition of "Ambiguity"
Language in the insurance policy that can be considered unclear or subject to different interpretations. Under these circumstances, the courts have generally ruled in favor of insured individuals and against insurance companies since insurance policies are deemed to be contracts of adhesion, and also that insurance companies have sufficient legal talent at their disposal to make policy language clear.
Popular Insurance Terms
Additional coverage to a property policy. Windstorms are not one of the standard covered perils. If an insured desires coverage for windstorms and hail, an endorsement is required. ...
Annuity that continues income payments as long as the annuitant lives, ceasing upon the individual's death. ...
Coverage for goods during shipment on a common carrier. ...
Four-year institution of higher learning. The degree programs include insurance, risk management, actuarial science, and financial services. ...
Policy used to provide the funds for buy and sell agreements under which an income payment or a series of income payments is paid to the buyer of the disabled partner's interest contained ...
Injuries that afflict the tendons, bones, muscles, and nerves of the back, hands, arm, shoulders, and neck. These are the fastest growing areas of workers compensation claims. The symptoms ...
Expenses that have or may not yet have been paid by an insurance company. ...
Form provided for an inspection report. ...
Liability arising out of the operation of a motel or hotel as it pertains to the physical safety of guests and their property. ...
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