Contingencies | Insurance Glossary

Definition of "Contingencies"

Unexpected claims occurring above the expected claims for which a contingency reserve is maintained.

Same as term Conditional Sales Floater: coverage for the seller of property on an installment or con ...

Term or whole life policy with a face value that increases over time. ...

Allocation of the cost of fixed assets, such as plant and building, over the life of the asset. Dep ...

Insurance company that has no outstanding shares of stock, such as a mutual insurance company. ...

Small, early twentieth century, one-story house or cottage. ...

Document, such as a deed, which demonstrates property ownership. ...

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

An interest rate is the percentage the lender charges you for borrowing money. ...

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

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