Coverage for furs owned by a furrier, or a customer's furs in the care, custody, and control of the furrier. Coverage is on an all risks basis except those specifically excluded: wear and tear; war; delay; loss of market; flood; earthquake; loss or damage while furs are being worn by the insured or his or her representatives; loss resulting from infidelity of any person under the care, custody, and control of the insured; damage or destruction of the furs after they leave the care, custody, and control of the insured that has been sold under an installment contract; and mysterious disappearance.
Popular Insurance Terms
Premium rate charged by the insurance company (insurer), which is below the standard rate. ...
Clause in the insurance policy that stipulates the exact time the policy coverage begins and terminates. ...
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Historical mortality table that replaced the annuity table, 1949, used for the calculation of annuity rates with more-current mortality experience at that time. This table was subsequently ...
Endorsement to the commercial general liability insurance (CGL) policy that provides liability coverage to an insured business for damages anywhere in the world. Policies typically have ...
Life insurance policy under which all premiums have already been paid, with no further premium payment due. ...
Average earned monthly income (AEMI) for the tax year in which the insured wage earner has income interrupted or terminated because of illness, sickness, or accident. This AEMI is important ...
Program designed as protection for political risk (action taken by a foreign government resulting in financial loss to companies trading or investing overseas). Coverage is provided for ...
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