Multiple peril insurance


 

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Multiple peril insurance

insurance policy which covers a wide variety of property damage.



Multiple peril insurance

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Title insurance

Title insurance

Insurance policy that protects a policyholder from future challenges to the title claim a property that may result in loss of the property.


Convertible term insurance

Convertible term insurance

Term life insurance which can be converted into cash value insurance. In the UK the equivalent (convertible term assurance) is conversion of term assurance into endowment assurance.


Motor insurance

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The insurance of motor vehicles covering damage or loss and liabilities for injuries to other people and damage to property.Drivers in the UK have to insure against third party claims. Under this type of insurance, if it is proven that the insured is the cause of an accident, the insurance company will only pay for injury or repairs for damage to the property of the third party.A variant of this is third party fire and theft insurance which is basically third party insurance plus additional cover if the insured's vehicle is damaged by fire or if stolen.For a higher premium, comprehensive insurance gives additional cover to the insured including damage to his/her vehicle, personal effects and overseas travel etc.


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In the US, an insurance policy which guarantees a mutual bond in the case of default, issued by private insurers.


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Keyman / keywoman insurance

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