Endorsements
Open-Perils Policy
Contribution by Equal Shares
Additional Insured
Conditions
Deductible
Other Insured
Aggregate Deductible
Named-Perils Policy
Calendar-year deductible
type of other-insurance provision in liability insurance contracts that require each company to share equally in the loss until the lowest limits of liability under any policy or until the full amount of loss is paid.
provisions inserted in an insurance contract that qualify or place limitations on the insurer's promise to perform.
person or party who is added to the named insured's policy by an endorsement.
amount payable by an insured during a calendar year before a group or individual health insurance policy begins to pay for medical expenses.
persons or parties who are insured under the named insured;s policy even though they are not specifically named in the policy.
a provision by which a specified amount is subtracted from the total loss payment that would otherwise be paid.
coverage by an insurance contract that promises to cover all losses except those losses specifically excluded in the policy.
deductible in some property and health insurance contracts in which all covered losses during a year are added together and the insurer pays only when the aggregate deductible amount is exceeded.
written provision that adds to, deletes, or modifies the provisions in the original contract.
coverage by an insurance contract that promises to pay only for those losses caused by perils specifically listed in the policy.
