Terms with Tag Insurance
- Casualty and Theft Loss — Definition,
- A loss caused by a hurricane, earthquake, fire, flood, theft or similar event that is sudden, unexpected or unusual. You can deduct a portion of personal casualty or theft losses as an itemized deduction.
- Casualty Insurance — Definition,
- Insurance that covers losses and liability from injuries to others and/or damage to the property of others.
- Catastrophe Hazard — Definition,
- An event, such as a hurricane or earthquake, that poses a risk of a catastrophic loss.
- Catastrophe Insurance — Definition,
- Insurance that covers losses due to catastrophe hazards such as hurricanes, earthquakes and terrorist attacks.
- Causation — Definition,
- A method of connecting an entity's conduct with an effect, which in some cases can prove legal liability.
- Ceding Party — Definition,
- In reinsurance, a ceding party is an insurance company that spreads liability to a reinsurer in order to lower risk.
- Charity Lump Sum Death Benefit (CLSDB) — Acronym,
- Chartered Insurance Professional (CIP) — Acronym, Canada, Very Important,
- A designation for professionals working in the casualty and property insurance industry.
➥ See also Fellow, Chartered Insurance Professional (FCIP). - Chartered Insurance Professionals' Society (CIP Society) — Company,
- An society for FCIP and CIP graduates.
- Chartered Life Underwriter (CLU) — Acronym, Canada, Important, ➥ A professional designation demonstrating knowledge of life insurance products.
- Chartered Property and Casualty Underwriter — Definition,
- A designation for professionals working in the property and casualty insurance and/or risk management fields.
- Chartered Property Casualty Underwriter (CPCU) — Acronym,
- Claim — Definition,
- A creditor's assertion of a right to payment from a debtor or the debtor's property.
- Claims Adjuster — Definition,
- An individual who ascertains the insurer's liability after an insurance claim has been made.
- Clean Sheeting — Definition,
- A type of insurance fraud where an individual deliberately fails to disclose a pre-existing condition in order to receive coverage, sometimes with the help of an insurance broker.
- Clear-Space Clause — Definition,
- A clause that requires insured property to be located a minimum distance from surrounding property.
- Closing Costs — Definition,
- The miscellaneous expenses involved in closing a real estate transaction that are over and above the purchase price. Some of the closing costs include title insurance, appraisal fee.
- Co-insurance — Definition,
- Insurance where both the insurer and the insured share costs in a set ratio when an insured event occurs.
- Collateral Source Rule — Definition,
- In tort law, the collateral source rule states that the tortfeasor (defendant) cannot deduct payments made by other parties to the plaintiff (such as insurance settlements) from what they are required to pay.
- Collision Insurance — Definition,
- Auto insurance that provides coverage for damages to the policyholder's vehicle in the event that the policyholder is at fault in a traffic collision.
- Combined Ratio After Policyholder Dividends — Definition,
- A method of measuring the profitability of an insurance company's underwriting.
- Combined Single Limit (CSL) — Acronym, ➥ Total coverage limit for an insurance policy stated as a single amount.
- Commercial Blanket Bond — Definition,
- Insurance that covers losses to businesses due to different forms employee fraud, such as embezzlement and forgery.
- Commercial Forgery Policy — Definition,
- Insurance that protects businesses from losses due to them unknowingly accepting forged or counterfeit checks as payment.
- Commercial General Liability Insurance (CGLI) — Acronym,
- Commercial Lines — Definition,
- A broad term referring to insurance policies for professionals, businesses, and other commercial establishments.
- Commercial Lines Coverage Specialist (CLCS) — Acronym,
- Commercial Multiple Peril Insurance — Definition,
- Insurance policies that provide businesses coverage for more than one named peril.
- Commercial Package Policy (CPP) — Acronym,
- Commercial Property Floater — Definition,
- Insurance that provides coverage for property that is not fixed to one single location.
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Casualty and Theft Loss -
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