Combination Safe Depository Insurance
Covers property damage and theft coverage in two areas not subject to a coinsurance requirement or a deductible.
- Coverage A. If the bank becomes liable for loss to a customer's property while that property is: on the bank's premises in safe deposit boxes in the vault; or being deposited into or taken out of the safe deposit boxes.
- Coverage B. Loss to the bank customer's property due to burglary or robbery, whether actual or attempted, even if the bank is not held liable.
Popular Insurance Terms
Study of buying habits of consumers to determine their insurance needs. ...
Section of ocean marine policy making it an obligation of the insured to take specific measures to limit losses to ship or cargo when a mishap occurs. Expenses incurred to limit physical ...
Plan in which participant (employee) utilizes spending accounts to pay for health care costs not subject to reimbursement from a health insurance policy or health care provider. The ...
(land and attachments) and personal (movable effects not attached to land). Both classifications of property give rise to an insurable interest. ...
Outer covering containing an insurance policy; in many instances it lists provisions common to several types of policies. ...
Individual licensed to sell securities to the public. For example, to sell variable annuities and variable life insurance products and mutual funds, an insurance agent is required to pass ...
Plan wherein total withdrawal or income payments from tax deferred savings plans exceed $150,000 in any one year. An excess distribution tax of 15% of the amount greater than $150,000 must ...
Insurance company that restricts its underwriting of risks to one state. ...
Government health care program in several European countries that has been proposed in various forms for the U.S., to be administered by the federal government. Plan A would cover all U.S. ...
Have a question or comment?
We're here to help.