What is the Definition of Crime Insurance?
Term referring to property coverages for the perils of burglary, theft and robbery.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Insurance?
What is the Definition of Crime Insurance?
Check out other definition of insurance terms below:
What is the Meaning of BASIS POINT In Insurance Terms?
0.01 percent of the yield of a mortgage, bond or note. The smallest measure used.
What is the Meaning of BEACH AND WINDSTORM PLANS In Insurance Terms?
State-sponsored insurance pools that sell property coverage for the peril of windstorm to people unable to buy it in the voluntary market because of their high exposure to risk. Several states offer these plans to cover residential and commercial properties against hurricanes and other windstorms. (See Fair access to insurance requirements plans/FAIR plans; Residual market)
What is the Meaning of BENEFICIARY In Insurance Terms?
The person or legal entity the owner of an insurance policy names to receive the policy benefit if the event insured against occurs. (See Annuity beneficiary; Contingent beneficiary; Irrevocable beneficiary)
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