Bank Burglary And Robbery Insurance
Definition of "Bank burglary and robbery insurance"
coverage on the bank's premises for burglary of monies, securities, and other properties from within the bank's safe (s); robbery of monies and securities; loss of monies and securities as the result of vandalism or malicious mischief; general damage due to vandalism and malicious mischief resulting from burglary and/or robbery.
Popular Insurance Terms
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Percentage return appropriated by the insurer for an immediate variable annuity when the insurer calculates the initial income payment to the annuitant. If the variable annuity's underlying ...
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Stated fixed payment for maternity costs regardless of the actual costs. ...
Right of an insured to make additional purchases of life insurance without having to take a physical examination or show other evidence of insurability. Additions can be bought at stated ...
Property, liability, or health coverage that takes precedence when more than one policy covers the same loss. In order to avoid OVER INSURANCE, or paying an insured more than the actual ...
Statement issued by the insurance company denying a claim under the insurance policy on the grounds that a condition or policy provision has been breached. ...
Named peril policy is how it’s called in the Real Estate Industry the insurance policies that specify the perils it covers. Under a named peril policy, if anything that isn’t ...
Agency that sells insurance policies from both a stock insurance company and a mutual insurance company. ...
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