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avquestinsurance.com
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Definitions (98)
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Industrial Aid
A term that applies to corporate-owned aircraft that are used for the transportation of executives, employees, customers, and guests, which are flown by professional pilots.
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additional insured
A person or persons other than the original named insured, who are protected under the terms of a policy.
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airport premises liability
Designed to protect the owner or operator of an airport against losses arising out of use of the airport.
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Blanket insurance
One amount of insurance covers all property located at multiple locations.
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Bodily injury
Injury to the body of a person including sickness, disease, or death.
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breach of warranty
(Lienholders Interest) Provides physical damage (hull) coverage by endorsement for a lender in the event that the insured invalidates or breaches the contract and the company would otherwise not be ob [..]
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business auto policy
An auto policy designed to protect a business firm against loss or damage to owned or lease automobiiles, trucks, and specialty vehicles, and for damages for bodily injury and property damage of other [..]
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business income coverage
Indemnifies a business for losses during the time the business is unable to operate while the property is being repaired or replaced.
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CANCELLATION
The cancellation of an insurance contract, usually at the request of the insurer, prior to its expiration. The insured normally receives a refund of that portion of the premium coinciding with the per [..]
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CANCELLATION
At the request of the insured, cancellation of a policy prior to its expiration will involve a return to the insured, of less than the proportion of the premium that would have been refunded under the [..]
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