Dealers Insurance
Definition of "Dealers insurance"
Coverage on an all risks basis, subject to listed exclusions, for personal property of the insured dealer that is used in normal business activities. Goods that have been sold on an installment basis contract upon leaving the care, custody, and control of the insured dealer; furniture and fixtures used in the business activities of the insured dealer; money; securities; and items that are in the process of being manufactured are generally excluded from coverage.
Popular Insurance Terms
Transit over land. ...
Insurance policy that differs from the standard form. ...
Exposures where action has been taken to reduce the frequency and severity of loss, such as adding sprinkler systems in public buildings. These actions may result in a significant reduction ...
Any of a number of types of surety bonds that the law requires of government contractors, licensed businesses, litigants, fiduciaries, government officials, and others whose performance of ...
INSURANCE tax that exhibits direct impact on the book income preference. Beginning with the year 1990, the book income preference became equal to 75% of the excess of current adjusted ...
Coverage for the insured in the event that the insured's negligent acts and/or omissions result in losses in connection with the use, ownership, or maintenance of aircraft. Liability ...
Payment of insurance proceeds for a claim resulting from a loss to insured mortgaged property. ...
Insurance with two types of policies available: depositors forgery insurance; forgery and alteration. ...
Law by which many states attempt to regulate insurers who are unlicensed in those states. With a few notable exceptions, such as re insurers, insurance companies must be licensed in the ...
Have a question or comment?
We're here to help.