What is the Definition of Volcano Coverage?

What is the Definition of Volcano Coverage?

Most homeowners policies cover damage from a volcanic eruption.

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 Annuity?

What is the Definition of Volcano Coverage?

You can find random definition and meaning of insurance terms below:


What is the meaning of Group Annuities – Immediate Non-Variable and Variable

an annuity contract that provides an accumulation based on both (1) funds that accumulate based on a guaranteed crediting interest rates or additional interest rate applied to designated considerations, and (2) funds where the accumulation vary in accordance with the rate of return of the underlying investment portfolio selected by the policyholder. The contract provides for the initiation of payments at some interval that may vary, however the annuity payouts must begin within 13 months.


What is the meaning of Group Annuities – Immediate Variable

an annuity contract that provides for the first payment of the annuity at the end of the fixed interval of payment after purchase. The interval may vary, however the annuity payouts must begin within 13 months. The amount varies with the value of equities (separate account) purchased as investments by the insurance companies.


What is the meaning of Group Annuities – Unallocated

annuity contracts or portions thereof where the Insurer purchases an annuity for the retirees.


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