Definition of "Forgery bond"

Same as term Depositors Forgery Insurance: coverage provided for individuals or businesses for loss due to forgery or alteration of such financial instruments as notes, checks, drafts, and promissory notes.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Measure of the sensitivity of the insurance company's liability for resultant higher mortality rates than charged for in the premium. ...

Limit allowed by law on employee salary reduction plans. Many pension plans, as well as the popular 401 (k) plan, allow employees to set aside pre-tax dollars in a company-sponsored ...

Combination of several policies with each adding an additional layer or limit of coverage above the limits of the policy that comes before it. For example, Policy A adds $100,000, then ...

Insurance company that transfers a risk to a reinsurance company. ...

Amount of combustible matter present that can act as a fuel to feed a hostile fire. ...

Act that prohibits insurance companies, group health plans, and health maintenance organizations from establishing lifetime limits or annual limits on mental health coverage that are lower ...

Automatically extended reporting period of 60 days, during which claims may be made after a claims made basis liability coverage policy has expired. ...

To transfer a risk from an insurance company to a reinsurance company. ...

Charge against a business firm in a product liability insurance lawsuit. Manufacturers have been held responsible for their products. When consumers become injured while operating a ...

Popular Insurance Questions