Terms with Category Insurance
- Waiting Period — Definition,
- The amount of time that must pass before something occurs.
- Waiver of Inventory — Definition,
- An option for an insurance company to choose not to inventory undamaged assets after a claim.
- Waiver of Premium — Definition,
- A clause that allows an insurer to waive a policyholder's premiums while still keeping the policy in effect.
- Waiver of Restoration Premium — Definition,
- A provision that frees an insurance policyholder from needing to pay a fee in order to resume coverage after a claim.
- Waiver of Subrogation (WOS) — Acronym,
- A provision that prevents an insurer from pursuing a third party for damages to insured property.
- Water Damage Insurance — Definition,
- Insurance that covers water damage to insured property.
- Water Damage Legal Liability Insurance — Definition,
- Insurance that covers policyholders for liability from water damage to another party's property.
- Water Exclusion Clause — Definition,
- A provision that gives an insurer the option to deny coverage for certain kinds of water damage.
- Watercraft Non-owned Insurance — Definition,
- Insurance that covers damages to watercraft not owned by the policyholder.
- Wear and Tear Exclusion — Definition,
- A provision that absolves an insurer from paying for damages resulting from an asset's normal wear and tear.
- Whole Life Insurance — Definition,
- Permanent life insurance with level premiums for the policyholder's entire lifetime.
- Wholesale Insurance — Definition,
- A form of insurance used by small businesses to provide benefits for employees.
- Windstorm Insurance — Definition,
- Insurance that covers damages resulting from windstorms.
- Winter Range Form — Definition,
- Insurance that covers damages to animals and livestock due to winter weather.
- With-Profits Policy — Definition,
- Insurance that pays the policyholder a portion of the insurer's profits.
- Without Evidence of Insurability — Definition,
- Applying for insurance coverage without the insurer requiring the individual to take a medical examination.
- Wool Growers Floater — Definition,
- Insurance that covers those who own, store, or transport sheep and wool.
- Work and Materials Clause — Definition,
- A provision that allows the policyholder to store certain materials in insured property if needed by their line of work.
- World Insurance — Definition,
- Insurance that provides coverage worldwide.
- Wrap-Up Insurance — Definition,
- Liability insurance that covers workers on large-scale construction projects.
- Yacht Insurance — Definition,
- Insurance that covers yacht and pleasure boat owners for damages and liability.
- Yearly Price Protection Method — Definition,
- A calculation used to determine the annual cost of protection for insurance policies with savings components.
- Yearly Probability of Dying — Definition,
- The likelihood that an individual of a certain age and gender will die within a year.
- Yearly Probability of Living — Definition,
- The likelihood that an individual of a certain age and gender will still be alive after a year has passed.
- Yearly Renewable Group Term Insurance — Definition,
- A group insurance policy that is annually reviewed to keep premiums manageable.
14.
Waiting Period -
Winter Range Form
Winter Range Form
