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Named perils insurance |
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Named perils insuranceAn insurance policy that names specific risks covered by the policy.Named perils insurance Similar MatchesMotor insuranceMotor insuranceThe 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. Personal accident insurancePersonal accident insuranceAn insurance policy which, in return for regular premiums, pays a specific sum in the event of death, loss of sight or limbs or other permanent disablement due to an accident. Mortgage life insuranceMortgage life insuranceA life insurance policy which pays off the outstanding balance of a mortgage in the event of the death of the insured. Indemnity insuranceIndemnity insuranceA policy which covers the insured against the loss of an asset. The purpose of the insurance is to place the insured in exactly the same financial state after a loss as he was in before the loss occurred. Private Mortgage Insurance (PMI)Private Mortgage Insurance (PMI)Policy protecting the holder against loss resulting from default on a mortgage loan. Further SuggestionsBank Insurance Fund (BIF)insurance policy non participating life insurance policy Insurance broker Title insurance reinsurance Federal Deposit Insurance Corporation (FDIC) third party insurance National Insurance convertible term insurance health insurance Liability insurance variable life insurance Casualty insurance major medical expenses insurance Deposit insurance National Insurance Pension (State Pension) Insurance principle Insurance dividend accident insurance Stock insurance company Insurance policy private medical insurance Financial guarantee insurance Export credit insurance |
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