Domestic Insurer – an insurance company that is domiciled and licensed in the state in which it sells insurance.
Commercial Multiple Peril?
Commercial Multiple Peril – policy that packages two or more insurance coverages protecting an enterprise from various property and liability risk exposures. Frequently includes fire, allied …
What is Coinsurance?
Coinsurance – A clause contained in most property insurance policies to encourage policy holders to carry a reasonable amount of insurance. If the insured fails to …
What is business interruption?
Business Interruption – loss of income as a result of property damage to a business facility.
What Is A Builders Risk Policy
What is a business risk policy? Builders’ Risk Policies – typically written on a reporting or completed value form, this coverage insures against loss to buildings …
What is blanket coverage?
Blanket coverage – coverage for property and liability that extends to more than one location, class of property or employee.
What is an Insurance Alien Company?
Alien Company – an insurance company formed according to the laws of a foreign country. The company must conform to state regulatory standards to legally sell …
Do You Have To Be A US Citizen To Be A Florida Public Adjuster
The answer is NO! STEPS TO OBTAIN 3-20 RESIDENT PUBLIC ADJUSTER LICENSE: Step 1 – You must be: A natural person at least 18 years …
How Do I Become A Florida Public Adjuster?
RESIDENT PUBLIC ADJUSTER LICENSE TYPE AND CLASS: 3-20 Resident Public Adjuster License Common Use(s) of License: A “public adjuster” is any person, except a duly …
What Are Some Common Glossary Terms and Their Definitions?
GLOSSARY OF INSURANCE TERMS This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be …