The most common of watercraft policies for individuals and families. This policy combines property, liability, medical payments, and uninsured boatowners coverage. Boatowners Policy fills the coverage gap found in most homeowners policies, particularly with regard to...
A three-party contract in which one party, (the surety/insurer), guarantees the performance or honesty of a second party, (the principal or obligor), to the third party (obligee), to whom the performance or debt is owed.
A commercial auto policy that includes auto liability and auto physical damage coverages (other coverages are available by endorsement). Except for auto-related businesses, and motor carrier and/or trucking firms, the business auto policy (BAP) addresses the needs of...
The termination of an insurance policy or bond, before its expiration, by either the insured or the insurer. Insurance policy cancellation provisions require insurers to notify insureds in advance (usually 30 days) of canceling a policy and stipulate the manner in...
