Additional Insured — A type of status associated with general liability insurance policies that provides coverage to other individuals/groups that were not initially named. After endorsement, the additional insured will then be protected under the named insurer s… … Investment dictionary
additional insured — noun (plural additional insureds) : a person other than the one in whose name a policy is issued but who is also protected by that policy … Useful english dictionary
additional — I adjective accessory, added, additive, additus, adiectus, another, appended, auxiliary, collateral, extra, further, included, joined, more, other, superadded, supervenient, supplemental, supplementary, ulterior associated concepts: additional… … Law dictionary
Additional Living Expense Insurance — Coverage under a homeowner s, condominium owner s or renter s insurance policy that covers the additional costs of living that are incurred by the policy holder should the policy holder be temporarily displaced from their place of residence. Such … Investment dictionary
additional burden — See additional servitude. A structure may be an addition within the meaning of a fire insurance policy, notwithstanding there is no physical connection between it and the main building insured by the policy. Also, a building may be considered to… … Ballentine's law dictionary
reinstatement of the sum insured — The payment of an additional premium to return the sum insured to its full level, after a claim has reduced it. Insurance policies are, in effect, a promise to pay money if a particular event occurs. If a claim is paid, the insurance is reduced… … Big dictionary of business and management
face amount insured by the policy — Within statute relating to extended life insurance, means the amount which is, in all events, payable under the policy as straight life insurance without regard to additional features such as accident or disability insurance. Wilkins v.… … Black's law dictionary
face amount insured by the policy — Within statute relating to extended life insurance, means the amount which is, in all events, payable under the policy as straight life insurance without regard to additional features such as accident or disability insurance. Wilkins v.… … Black's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary