Underinsured motorist’s coverage Underinsured motorist’s coverage is a coverage that can be added to the personal auto policy. Coverage pays damages for a bodily injury to an insured caused by the ownership or operation of an
Uninsured motorists coverage Uninsured motorists coverage is that part of the personal auto policy designed to insure against bodily injury caused by an uninsured
Minimum coverage requirement Minimum coverage requirement is a test that must be met to prevent employers from establishing a qualified pension plan that covers only
Liability coverage Liability coverage is that part of the personal auto policy that protects a covered person against a suit or claim for bodily injury or property damage arising out of the negligent ownership or operation of an
Extended nonowned coverage Extended nonowned coverage is an endorsement that can be added to an auto liability insurance policy that covers the insured while driving any nonowned automobile on a regular basis.
Extra expense coverage form Extra expense coverage form is a separate form that can be used to cover the extra expenses incurred by a firm to continue business
Coverage for damage to your auto Coverage for damage to your auto, that part of the personal auto policy that pays for damage or theft of the insured automobile. This
Business income (without extra expense) coverage form Business income (without extra expense) coverage form is a form that covers the loss of business income from a covered loss. Extra expenses are covered only to the extent that such expenses reduce
Asset-coverage test Asset-coverage test is a bond indenture restriction that permits additional borrowing if the ratio of assets to debt does not fall below a