Industrial Property Policy Program

Definition of "Industrial property policy program"

Donna  Fallon real estate agent

Written by

Donna  Fallonelite badge icon

McMonigle Group Corp

Predecessor of special multiperil insurance (SMP) policy and commercial package policy, which covered property of manufacturing installations, in at least two different locations, including machinery and equipment, and, optionally, improvements and betterments.

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

Specific powers that a prospective insured believes the insurance company has granted to its agent. For example, if the insurance company has furnished the agent a rate book, application ...

Legislation by a state that taxes out-of-state insurance companies operating in its jurisdiction in the same way that the state's own insurance companies are taxed in the second state. For ...

Liability reserve required to be maintained by the national association of insurance commissioners (naic) prior to 1992 for fluctuations in the values of investments in securities. Realized ...

Same as term Basic Limit of Liability: required minimum amounts of coverage that an insurance company will underwrite. For example, for auto liability coverage the minimum that many ...

Coverage for business risks including goods in transit, fire, burglary, and theft. A common example is the COMMERCIAL PACKAGE POLICY (CPP). ...

Coverage providing funds for maintenance of a business as closely to normal as possible in the event of a loss of a key person, owner, or partner. ...

Legislation providing that, to the extent that all deductible medical care expenses exceed 7.5% of the taxpayer's adjusted gross income (AGI), expenses not reimbursed under qualified ...

Classification of occupations according to the degree of risk inherent in that occupation. ...

Prospective insured who completes and signs a written form containing personal statements about himself/herself. ...

Popular Insurance Questions