insurance against loss of damage
71casualty insurance — insurance providing coverage against accident and property damages, as automobile, theft, liability, and explosion insurance, but not including life insurance, fire insurance, or marine insurance. [1900 05] * * * Provision against loss to persons …
72Loss payee clause — A loss payee clause (or loss payable clause) is a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party rather than to the… …
73indemnity insurance — Insurance under a policy providing indemnification for actual loss or damage suffered by the insured (Shealey v American Health Ins. Corp. 220 SC 79, 66 SE2d 461, 27 ALR2d 942) as distinguished from insurance, particularly insurance under a… …
74loss — A deprivation. Damage; also the act of losing and the thing lost. 22 Am J2d Damg § 1. The word is not one of limited, hard and fast meaning. There are many kinds of loss, besides money out of pocket. No man would doubt that he might rightly call… …
75fire insurance — insurance covering any loss or damage caused by fire. [1790 1800] * * * provision against losses caused by fire, lightning, and the removal of property from premises endangered by fire. The insurer agrees, for a fee, to reimburse the… …
76hazard insurance — Insurance covering losses incurred by an insured as a result of damage, destruction, or loss of property. Mainly, but not entirely, insurance against fire and lightning damage. Insurance other than life or liability insurance. American Banker… …
77insurance claim — A claim for reimbursement from the insurance company when the insured has suffered a loss that is covered under an insurance policy. Bloomberg Financial Dictionary * * * insurance claim insurance claim ➔ claim1 * * * insurance claim UK US noun… …
78casualty insurance — Insurance protecting a firm or homeowner against loss of property, damage, and other liabilities ( liability). Bloomberg Financial Dictionary * * * casualty insurance casualty insurance ➔ insurance * * * casualty insurance UK US noun [U] ►… …
79loss — /lɒs/ noun 1. the state or process of not having something any more ♦ loss of customers not keeping customers because of bad service, high prices, etc. ♦ loss of an order not getting an order which was expected ♦ the company suffered a loss of… …
80third-party insurance — Insurance of a person s legal liabilities to others. The insurer and the policyholder are the two parties to the insurance contract, any other person to whom there is a legal obligation is therefore a third party. Some forms of third party… …
