Subsidence
Subsidence is a term used in geology, engineering and surveying to denote the motion of a surface (usually, the earth's surface) downwards relative to a datum such as sea-level. In meteorology, subsidence refers to the movement of air downwards.
Popular Insurance Terms
Cancellation of a policy according to its effective date excluding any premium charge. ...
Early type of no-fault automobile insurance developed by two law professors, Robert Keeton and Jeffrey O'Connell. Its basic premise is that for many accidents it is impossible to place the ...
Professional designation awarded by the American College. In addition to professional business experience in financial planning, recipients are required to pass national examinations in ...
Type of proportional reinsurance under which the ceding company (primary insurer) cedes to a re-insurer its net amount at risk for the amount above its retention limit on a life insurance ...
Section providing protection under three coverages: Coverage E (Personal Liability} coverage in the event a suit is brought against the insured because of bodily injury and/or property ...
Form of excess of loss reinsurance under which each year's reinsurance premium is determined by the amount of the cedent's excess losses for a given period of time, usually three or five ...
Federal law comparable to state workers compensation statutes setting out liability of railroads for work-related injuries or death of their employees. Railroad employees are not covered by ...
Clause, generally found in business interruption insurance, that establishes the same indemnification basis as the coinsurance clause. ...
To accept by a reinsurer, part or all of a risk transferred to it by a primary insurer or another reinsurer. ...
Comments for Subsidence
what rights can a owner use to use water from a river or stream
Mar 31, 2019 22:09:01Hi, Vanessa! As you probably know, there are water rights that cover the usage of water. There are riparian rights and littoral rights. If your property has access to a river or stream, you can use the water freely for irrigation or for other purposes as long as the upstream and downstream neighbors are not affected. When a river is the border of your property, you own half of the land covered by the river (half of the river bad), too. The littoral rights refer to waterfront properties that have access to a lake or a sea - in short, navigable waters. Ownership stops at the level of high tide.
Apr 02, 2019 06:21:35Have a question or comment?
We're here to help.