Natural Losses


Definition of "Natural losses"

Property damage, accident, or injury resulting from vagaries of nature, including tornadoes, hurricanes, and floods.

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Popular Real Estate Terms

Stevedores Legal Liability Insurance

Liability coverage for dockworkers for damage to property in transit while in their care. ...

Piti

Abbreviation for Principal, Interest, Taxes, and Insurance. Generally, for the time period of the loan, the principal and interest amount remains fixe ...

Medical Examination

Physical checkup required of applicants for life and/or health insurance to ascertain if they meet a company's underwriting standards or should be cla ...

Future Insurability Guarantee/future Increase Option

Option clause in a disability income policy that the insured can exercise that would permit the insured the right to purchase additional limits of cov ...

Misstatement Of Age

Falsification of birth date by an applicant for a life or health insurance policy. If the company discovers that the wrong age was given, the coverage ...

Armored Car And Messenger Insurance

Coverage during the transfer of securities and monies, precious metals, and other specified types of valuables by armored guard services. Policies are ...

Popular Real Estate FAQ

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

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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 ...

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

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