Vis Major


Definition of "Vis major"

Latin phrase meaning "overpowering force"; an unavoidable accident or calamity; an accident for which no one is responsible; an act of god.

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Special Extended Coverage

Endorsement to a property insurance policy providing all risks coverage for insured property. Excluded properties include residences, farms, and manuf ...

Loss And Loss Adjustment Expense Reserves

Amount of the insurance company's liabilities for claims that have not been settled. If this reserve increases significantly in relation to the compan ...

Aggregate Excess Contract

Policy in which an insurer agrees to pay property or liability losses (generally 80-100%) in excess of a specific amount paid on all losses during a p ...

Multiple Line Insurance

Combination of coverages from property and liability policies. ...

Partial Disability Benefit

An amount usually expressed as 50% of the monthly indemnity for the total disability benefit provided by a disability income insurance policy. This am ...

Supplemental Benefit Formula

Procedure in Social Security that sets the benefit level for a dependent of a retired or disabled person who is receiving Social Security benefits. Fo ...

Popular Real Estate FAQ

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1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

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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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Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

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