Definitions
A policy form that alters or adds to the provisions of a contract
Endorsment
This Inland Marine Floater covers instruments as long as they are not used for playing for hire.
Musical Instrument Floater
This party is paid by the Guarantor if the terms of the bond are not fulfilled
Obligee
This coverage covers the residential dwelling on a farm
Coverage A
this is where workers' comp is required by the state in order to do business.
Compulsory
The willful hiding or obscuring of material facts pertinent to the issuance of insurance
Concealment
This Floater is written on a valued or agreed basis because the articles are too rare to insure actual cash value
Fine Arts Floater
This type of bond is obtained by the contractor so that the customer will be covered if the contractor does to perform the duty that was estimated
Bid Bond
This coverage covers all personal farm property on a unscheduled basis
Coverage F
This type of state workers' comp is written though private insurers
Competitive States
The exchange of value is unequal in this contract
Aleatory
This Floater is the basic form of floaters to insure individual items on a schedule basis
Personal articles Floater
This type of bond is also called a honesty bond
Fidelity Bond
What is the standard deductible for a farm policy
$250
This part of workers' comp includes other insurance, the insurer will also pay, and how this insurance will apply
Part 1
This type of contract is also known as a take it or leave it contract.
Contract of adhesion
This floater contains a "Pair and Sets Clause". This floater usually requires an appraisal at or before this is issued
Personal Jewelry Floater
This type of bond is required by the municipalities or other bodies as a condition for issuance of a professional license
License and permit bond
This coverage can be written as a stand alone policy or as part of a farm policy. includes coverages H,I,J
Farm Liability Insurance
This part of workers' comp lists all the states that the employer operates
Part 3
A contract that pays a stated amount in the event of a loss
Valued Contract
This floater is written to for customers are overseas to protect their personal property.
Personal Effects Floater
This type of bond is purchased by an employer to cover all employees new and old
Blanket Bond
What is the only Earth movement that would be covered by a farm policy
Sinkhole Collapse
Where in a workers' comp policy will you find the inspection section
Part 6