Boiler And Machinery Insurance
Definition of "Boiler and machinery insurance"
Covers losses resulting from the malfunction of boilers and machinery. Most property insurance policies exclude these losses, which is why a separate boiler and machinery policy or a commercial package policy id needed. The insurance covers business property, other property involved, and legal fees, if any.
Popular Insurance Terms
Law by which many states attempt to regulate insurers who are unlicensed in those states. With a few notable exceptions, such as re insurers, insurance companies must be licensed in the ...
Person who has the responsibility for examining the risk to determine whether or not to insure it. ...
Clause, generally found in business interruption insurance, that establishes the same indemnification basis as the coinsurance clause. ...
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Distribution of a deceased beneficiary's share of an estate among that beneficiary's children. Contrast with per capita. ...
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Act of practicing law or providing legal advice without a license. ...
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