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
Periodic payments to an annuitant. ...
Observance of an event occurring on a repeated basis that leads one to believe that a certain probability is attached to the occurrence of that event. For example, if there are a red ball ...
State law that stipulates that goodwill as an admitted asset cannot be greater than 10% of adjusted surplus. ...
Prepaid legal insurance coverage plan sold on a group basis. Entitles a group member to a schedule of benefits, at a stipulated premium, for adoptions, probates, divorces, and other legal ...
Clause in a property insurance policy that requires the insurance coverage in that policy to be allocated in the proportion that it bears to the total insurance coverage in force from all ...
Provision in many property insurance policies that allows an insured to pick coverage for selected perils. The choices are explosion; explosion, riot and civil commotion; explosion, riot ...
Dividends paid historically, currently, and projected. ...
Type of pension plan in which the employer (if noncontributory plan) or the employer and employee (if contributory plan) make level annual premium payments to fund the future retirement ...
Trade association of surplus lines agents and insurers. ...
Have a question or comment?
We're here to help.