Camera And Musical Instruments Dealers Insurance
Definition of "Camera and musical instruments dealers insurance"
Coverage on an all risks basis for the insured's own property as well as property of others under the insured firm's care, custody, and control. Exclusions are wear and tear, mysterious disappearance, earthquake, flood, theft from an unlocked and unattended vehicle, loss of market, and delay. For example, if a dealer's personal flute is damaged by fire, or if a customer's camera is stolen, the dealer would be covered for both occurrences up to the limits of the policy.
Popular Insurance Terms
Insured's income prior to the disability minus the insured's income after the disability. ...
Same as term Fronting: procedure under which the CEDING COMPANY (the primary or fronting company) cedes the risk it has underwritten to its reinsurer with the ceding company retaining none ...
Cancellation of a policy according to its effective date excluding any premium charge. ...
Coverage for a common carrier (the insured) for damage or destruction due to radioactive contamination from commercial radioisotopes of a property in the custody of the insured or that of a ...
In a liability insurance policy, provision for the payment of the insured's expenses as stated in the policy in three areas above the policy limit of liability: legal fees resulting from ...
Means of setting life insurance reserves based on expected mortality rates as reflected in a mortality table. ...
Policy permitting an insured to choose desired coverages. These policies are important for items with relatively low limits of coverage under standard property insurance forms. For example, ...
Same as term Fortuitous Loss: loss occurring by accident or chance, not by anyone's intention. Insurance policies provide coverage against losses that occur only on a chance basis, where ...
Protection of the property of the business that is damaged or destroyed by perils such as fire, smoke, and vandalism; and/or if the actions (or nonactions) of the business' representatives ...
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