Casualty insurance


 

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Casualty insurance

Insurance protecting a firm or homeowner against loss of property, damage, and other liabilities.

Casualty insurance

Insurance which gives protection to a business or homeowner against property loss, damage and injury to a third party.



Similar Matches

Annual renewable term insurance

Annual renewable term insurance

See: Term insurance.


Mortgage payment protection insurance (MPPI)

Mortgage payment protection insurance (MPPI)

An MPPI policy pays your mortgage for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. It should provide enough income to cover all your monthly mortgage expenses. If you have a repayment mortgage, this should be your capital and interest repayment and if you have an interest-only mortgage, the MPPI should cover your interest payment as well as your normal monthly contribution to the investment vehicle that will repay your loan.


Contents insurance

Contents insurance

Insurance which gives cover in respect of the contents of a home. This includes damage, theft or loss of items such as carpets, furniture, freezer contents, jewellery and cash etc. It is usual for the insurers to specify a maximum claim limit for each section of items covered. This information is listed on the policy schedule issued by the insurers. Contents insurance can be linked with buildings insurance in a combined policy provided by a single company.


Municipal bond insurance

Municipal bond insurance

An insurance policy which guarantees payment on municipal bonds in the event of default .


Group insurance

Group insurance

Insurance coverage for a group, which can usually be obtained at a cheaper rate than insurance for an individual.


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