Golfers Equipment Insurance
Coverage for golf clubs and golf equipment on an all risks basis subject to exclusions of wear and tear, war, and nuclear disaster. Location of coverage is a clubhouse locker or any other building used in golf activities. For example, if a golfer's clubs were in the locker in the clubhouse and they were stolen, the golfer would be indemnified. There is usually no coinsurance requirement, and coverage is provided on a replacement cost basis.
Popular Insurance Terms
Exchange, in insurance, of an adequate consideration (premium paid by an insured) for the promise of an insurance company to pay benefits in the event the insured incurs a loss. ...
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Physiological or psychological condition that prevents an insured from performing normal job functions. ...
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Comparison of the cost of a solution and the economic benefits that would accrue if the solution is put into effect. This analysis is a prerequisite to the installation of an employee ...
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