: Coverage primarily concerned with legal liability for injuries to others or damage to their property.
: A document providing formal evidence of insurance coverage, often required for business contracts. Dictionary of Insurance Terms
Standard parts found in most insurance contracts to define coverage: : Coverage primarily concerned with legal liability for
: The right of an insurer to pursue a third party that caused an insurance loss to the insured. Essential Policy Components provided the application is later approved.
: A fundamental principle requiring both the insurer and the insured to act with total honesty and disclose all material facts.
: A receipt for a premium payment that makes the policy effective from that date, provided the application is later approved.