Property and Casualty Insurance

Comprehensive personal liability insurance protects an individual or household against many third-party liability claims arising from private, nonbusiness activities.

Insurance structure for unit owners and associations that separates building losses from personal possessions.

Coverage for losses from legal liabilities a business or professional assumes under written agreements.

A loss allocation method for distributing a shared property loss across overlapping insurance policies with nonidentical coverage.

A demolition clause can exclude or limit insurance liability for demolition costs required by law or safety rules.

A deductible structure that is reduced or eliminated when a covered loss exceeds a stated threshold or meets specified conditions.

An insurance arrangement in which two or more insurers each accept a stated share of the same risk.

Druggists' liability insurance covers pharmacy liability arising from dispensing errors, labeling mistakes, and other professional mistakes in pharmacy operations.

An electrical apparatus exemption clause limits property coverage for electrical damage unless the loss results in a covered ensuing fire.

Employer's non-ownership liability insurance protects a business when employees use their own vehicles for company business and the employer is sued for resulting auto liability.

Equipment breakdown insurance covers sudden accidental mechanical or electrical failure of covered equipment and the business losses that follow.

A movable-property policy that follows covered equipment from place to place instead of limiting coverage to one insured location.

Errors and omissions insurance protects professionals against claims that their mistakes, bad advice, or missed actions caused a client financial harm.

Excess insurance provides an additional layer of protection after the underlying policy or self-insured layer has been exhausted.

A family automobile policy was a legacy personal auto form that bundled core coverages for household-owned and household-used vehicles.

Increased hazard means a change in conditions or behavior that makes the insured risk materially more dangerous than the insurer expected.

Joint tenancy is co-ownership with right of survivorship, which can affect insurable interest, named insureds, and claim payment logistics.

Absolute liability imposes responsibility for certain high-risk acts without proving negligence.

A sudden, unintended event that is generally covered by accident-triggered insurance terms unless exclusions apply.

A natural event beyond human control, used in policy language to test coverage and exclusion boundaries.

The maximum amount an insurer will pay for all claims in a policy year for a class of coverage.

Appurtenant structures are separate buildings or facilities on insured premises, such as garages or sheds, that are covered under specific property policy terms.

A clause that restores policy limits or values automatically after certain partial losses without waiting for a full underwriting restart.

Builder’s risk coverage forms protect property under construction by insurers against physical loss, theft, and specific construction-related perils.

Care, custody, and control identifies property for which the insured may not cover liability because it holds only temporary possession.

Cargo insurance protects goods in transit against loss, damage, theft, or delay-related exposure.

Casualty in insurance refers to accidental loss, harm, or damage that can trigger liability and indemnity obligations.

The peril condition or pattern that can cause large, correlated losses.

A choice no-fault plan lets certain drivers elect a no-fault auto-insurance option in which their own policy pays first-party injury benefits after an accident.

A clear space clause requires certain materials to be kept separate to reduce risk, especially for fire and hazard losses.

A policy mechanism that sets how insured losses are shared between insurer and policyholder.

The minimum ratio of insurance to property value required under a policy.

The minimum coverage amount a policy must carry under a coinsurance clause to avoid reduced claim payment.

An insurer that participates with other insurers on the same policy and shares part of the risk.

A commercial package policy combines multiple commercial coverage parts under one policy structure for a business insured.

A commercial property floater covers movable business property that may travel or be used at multiple locations, often on a scheduled or blanket basis.

A legal rule that allocates fault among the parties to an accident and reduces damages according to each party's share of responsibility.

Completed operations insurance covers liability claims arising after a contractor's or business's work has been finished and put to its intended use.

Auto physical-damage coverage for losses other than collision, such as theft, fire, vandalism, weather, and falling objects.

A claim scenario where multiple causes combine to produce one loss event and trigger coverage questions.

Secondary losses that follow a covered event, such as business interruption or spoilage from loss of use.

Portable personal property inside an insured premises that is covered separately from the real property.

An add-on structure that can shift from one collision-related form to another while preserving prior underwriting continuity.

An insuring module inside a policy that defines one block of risk, such as a liability or property coverage section.

A loss or damage that meets a policy’s coverage terms and is payable by the insurer.

The stated maximum amount an insurance policy will pay for a particular coverage, class of property, or loss.

Earthquake insurance covers direct physical loss caused by earthquake, usually through a separate policy or endorsement because standard property forms often exclude that peril.

An endorsement extending the period of indemnity lengthens business interruption protection beyond physical reopening so the insured has more time to recover income.

A retrospective-rating charge that helps fund the protection created when a workers compensation plan limits large individual losses.

A property-insurance term for adding protection against additional named perils beyond a basic fire policy.

Auto liability coverage that broadens protection for an insured using vehicles they do not own, subject to the policy's terms and exclusions.

An extended period of indemnity continues business-income coverage after operations resume, while the insured's revenue is still recovering from a covered property loss.

A forgery or alteration coverage form protects a business against loss when checks, drafts, or similar instruments are forged or fraudulently altered.

Removal coverage pays for covered property while it is being moved to protect it from an imminent covered peril, subject to time and location limits.

Liability coverage that pays when the insured is legally responsible for injury or damage suffered by someone else.

A trust and commission clause extends property insurance to cover certain property held in trust, on commission, or for others, to the extent of the insured's interest.

A project-level program that places one liability policy over multiple parties on a construction or engineering project.

This property form covers business premises and business personal property, with separate treatment for coverage layers, limits, and deductibles.

A legal claim, lien, easement, or other burden on property that can affect title, value, and insurance analysis.

A commercial crime coverage form that insures certain property against robbery or forcible entry into a safe, subject to definitions and limits.

A single deductible amount that can apply to multiple losses during one policy year.

Comprehensive glass insurance covers breakage of insured glass and related glazing materials, often on storefronts or other commercial property.

An occupational disease is an illness caused by workplace exposures or conditions, usually handled as a workers' compensation claim.

One policy form that applies the same coverage terms to a defined group or a portfolio of insured property.

One policy structure that covers many related exposures or assets using common terms and aggregate controls.

A single aggregate payment cap that applies to a group, block, or set of similar risks under one policy framework.

A capped maximum amount that applies to a specific group or block of similar exposures.

Coverage for a tractor or truck operated without its intended trailer, aimed at gaps in motor freight liability exposure.

Physical injury to a person, which is a core trigger for many liability and personal injury coverage obligations.

A local property insurance practice encouraging interim coverage for high-risk zones after inspection rather than immediate refusal.

A property program that protects bridge projects during construction from physical damage and related interruption losses.