all-loss insurance
91Renter's Insurance — A form of property insurance that provides coverage for a policy holder s belongings and liability within a rental property. Renter s insurance applies to persons renting or subletting a single family home, apartment, duplex, condo, studio, loft… …
92agreed value insurance — UK US noun [U] INSURANCE ► insurance for an amount agreed to by an insurance company at the start of an insurance period, rather than at the time the property is lost or destroyed: »Agreed value insurance guarantees you will get all of your money …
93Carriage and Insurance Paid to — (CIP) is an Incoterm, usable with any mode of transport. It is the correct term to be used in place of CIF for shipments in containers or by air. It is defined in International Chamber of Commerce s publication 560 Incoterms 2000. The passing of… …
94total loss — see loss Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. total loss …
95Probable maximum loss — (PML) is a term used in the insurance industry. It is the anticipated value of the largest loss that could result from the destruction and the loss of use of property, with the normal functioning of passive protective features (firewalls, and a… …
96Cost, Insurance and Freight — (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. It must always indicate the port of destination, ie CIF Shanghai. When a price is quoted CIF, it means that the selling… …
97Arc Flash Loss Prevention — AFLP Arc Flash Loss Prevention is a six step program designed to help businesses and organizations comply with Occupational Safety and Health Administration (OSHA) and National Fire Protection Association (NFPA) requirements for protecting… …
98Federal Deposit Insurance Corporation — a public corporation, established in 1933, that insures, up to a specified amount, all demand deposits of member banks. Abbr.: FDIC * * * ▪ United States banking independent U.S. government corporation created under authority of the Banking …
99motor insurance — A form of insurance covering loss or damage to motor vehicles and any legal liabilities for bodily injury or damage to other people s property. Drivers have a legal obligation to be covered against third party claims (see third party insurance),… …
100holiday and travel insurance — An insurance policy covering a variety of risks for the duration of a person s holiday. Although policies vary, an average policy covers the policyholder s baggage and personal effects for all risks (see all risks policy); compensation for delays …
