Definition of "Contents"
- in PERSONAL PROPERTY insurance, coverage is for personal property items that are movable, that is, not attached to the building's structure (the home), such as television sets, radios, clothes, householdgoods. Not included under the coverage are animals, automobiles, and boats.
- in COMMERCIAL PROPERTY insurance, coverage is for the business's personal property items that are movable, that is, not attached to the building's structure such as inventory, machinery, equipment, furniture, and fixtures. Not included under the coverage are animals, automobiles, boats, and crops.
Popular Insurance Terms
Transit over land. ...
Insurance policy that differs from the standard form. ...
Exposures where action has been taken to reduce the frequency and severity of loss, such as adding sprinkler systems in public buildings. These actions may result in a significant reduction ...
Any of a number of types of surety bonds that the law requires of government contractors, licensed businesses, litigants, fiduciaries, government officials, and others whose performance of ...
INSURANCE tax that exhibits direct impact on the book income preference. Beginning with the year 1990, the book income preference became equal to 75% of the excess of current adjusted ...
Coverage for the insured in the event that the insured's negligent acts and/or omissions result in losses in connection with the use, ownership, or maintenance of aircraft. Liability ...
Payment of insurance proceeds for a claim resulting from a loss to insured mortgaged property. ...
Insurance with two types of policies available: depositors forgery insurance; forgery and alteration. ...
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 ...
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