Divided Cover


Definition of "Divided cover"

Insurance coverage purchased on the same item from two or more insurance companies.

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Popular Real Estate Terms

Social Insurance Supplement

Additional coverage designed to provide protection against economic losses incurred by insured wage earners when their income is interrupted or termin ...

Life And Health, Business Exposures

Loss of a key person due to death, disability, sickness, resignation, incarceration, or retirement. Because of the expertise of such an individual, th ...

Clauses Added To A Life Insurance Policy

Provisions, usually requiring an additional premium, that are appended to an insurance contract. These include waiver of premium (WP), disability inco ...

Terminal Illness Benefit

Portion of the death benefit in a life insurance policy paid upon the insured being diagnosed as having a terminal illness that will result in death w ...

Burning Cost Ratio (pure Loss Cost)

Ratio of excess losses to premium income. Excess losses are those that a reinsurer is responsible for if its coverage is in effect during the period u ...

Incendiarism

Act of starting a fire; arson. Arson is a covered peril under a property insurance contract, provided that the owner of the property is not responsibl ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

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