Lightning
Definition of "Lightning"
Discharge of electricity from the atmosphere, one of the perils covered in most fire insurance policies.
Popular Insurance Terms
Duration of a policy. Property and casualty coverages are usually written for one year, although a personal automobile policy can be for six months. Life insurance can be written on a term ...
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Coverage for goods in transit and the vehicles of transportation on waterways, land, and air. ...
Dollar limitations under the Internal Revenue Service code as follows: The elective annual deferral limit is $10,000. A highly compensated employee's annual compensation limit is $80,000. ...
Situation wherein the agent's conduct causes a client or prospective insured reasonably to believe that the agent has the authority to sell an insurance policy and contract on behalf of the ...
Coverage for goods during shipment on a common carrier. ...
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Classification at death of all pension plans, profit-sharing plans, individual retirement accounts (IRAS), annuities, and installment payments to the extent to which the deceased was ...
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