Special Building Form
Endorsement to the special multiperil insurance (smp) policy that provides all risks damage coverage for real property. This special form provides only minimum cover, leaving the option for adding forms to the policyholder. The policyholder has a choice of the general building form, which provides named peril coverage, or the special building form for the broader all-risks coverage.
Popular Insurance Terms
Distribution of a deceased beneficiary's share of an estate among that beneficiary's children. Contrast with per capita. ...
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Individuals who inherit assets as the result of being named in a will. ...
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Interest earned on dividends from a participating life insurance policy left on deposit with the insurance company and subject to taxation. ...
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Compensation payable to the owner of a ship detained for reasons beyond his or her control who incurs a loss of earnings because of the delay. Detainment can be caused by a delay in the ...
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