Bridge Insurance
Definition of "Bridge insurance"
Coverage for damage or destruction to an insured bridge. Insures on an all risks basis subject to exclusions of war, wear and tear, inherent defect, and nuclear damages. Coverage is purchased by state and local governing bodies to limit exposures to the expense of an immediate tax increase to rebuild a damaged or destroyed bridge.
Popular Insurance Terms
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Total of net investment income plus underwriting income plus other miscellaneous income. This type of income is an indication of how the underwriting function and the investment function of ...
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