The present-day value of property measured in cash, arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear and obsolescence.

A person, other than the one in whose name an insurance policy is written, who is protected against loss by terms of the policy.

The maximum limit of liability payable by an insurance carrier on behalf of a policyholder during any given policy period

Types of insurance associated with property insurance, which may include earthquake, sprinkler leakage, and income and extra expense coverage.

An estimate of quantity, quality, or value. The term also refers to the report setting forth the estimate and conclusion of value.

A dangerous place, condition or object, which is particularly attractive to children. In these cases the courts have frequently held that where "attractiveness" exists, the owner is under a duty to take steps to prevent injury to those that may be attracted and the owner may be held liable for failure to do so.

Contractual protection against losses connected with airline accidents on domestic scheduled airplanes.

The sum of money provided in an insurance policy to be paid for certain types of loss under the terms of an insurance policy.

Coverage under a single limit for two or more items, (e.g. building and/or contents) two or more locations, or a combination of items and/or locations.

An insurance broker ordinarily is a solicitor of insurance who does not represent insurance companies in a capacity as agent but places orders for coverage with companies designated by the insured or with companies of his own choosing. The term "broker" frequently is used incorrectly to designate an agent of more than one insurance compan [..]