A comprehensive explanation of the term 'Bailee' in legal terminology. Learn about the responsibilities and implications of being a Bailee, a person entrusted with the belongings of another.
Discover the intricacies of the Glass Coverage Form in Property Insurance, which provides specialized coverage for commercial glass solutions such as plate glass.
Discover institutional property insurance, a specialized form of property insurance offering tailored coverage for religious, charitable organizations, hospitals, and educational institutions.
Learn about additional structures covered by homeowners insurance—detached buildings such as tool sheds and garages on your property.
Learn about Single Interest Policy in Property Insurance, which protects the interests of one party involved with a property. Explore the key aspects and significance of this type of policy.
Understand the nearly obsolete three-fourths value clause, which restricts insurers from paying more than three-fourths of the cash value of the insured property.
Learn about the following form in property insurance, a type of policy written in exactly the same terms as other property insurance policies covering a piece of property.
Learn about red-lining in property insurance, a discriminatory practice that impacts insurability and rates based on location. Understand the implications and regulations surrounding it.
Learn about Protection Class in Property Insurance, a critical rating determined by the Grading Schedule of Cities and Towns based on the level of fire protection.
Learn about the Noon Clause in Property Insurance, a clause that specifies coverage start time at noon. Discover why this clause is rare and how most modern policies now start at 12:01 a.m.
Learn about appurtenant structures in property insurance, which refer to secondary structures on the insured premises. Understand their implications for your insurance policy.
Understand the concept of Probable Maximum Loss (PML) in property insurance, the largest loss that can be expected if all mitigating measures, like smoke detectors, work as intended.
Learn about Radioactive Contamination Insurance, a specialized property insurance covering risks of radioactive contamination. Understand its qualifications and exclusions.
Learn about sinkhole collapse in property insurance, a peril caused by sudden earth movement into underground cavities. Understand coverage options available under commercial property forms.
Explore the concept of blanket insurance in both health and property insurance, where entire groups or multiple types of properties are covered under a single contract.
Learn about contents in personal and commercial property insurance, including what is covered and what isn't, such as electronics, clothing, office furniture, and machinery.
Discover the concept of inherent vice in property insurance, a fundamental term describing a property defect that leads to its self-destruction.
Learn about the market value clause in property insurance, which ensures the insurer pays the market price of destroyed property. Ideal for manufacturers with finished products.
Explore the essentials of business and personal property coverage forms, which provide crucial protection for buildings and the property contained within them.
Understand the fallen building clause in property insurance, highlighting its impact on fire insurance when a building collapses for reasons other than fire or explosion.
