Glossary
Dealers driveaway collision is a garage policy endorsement that broadens the collision coverage for autos being driven or transported from point of purchase or distribution to destination.
Read MoreDealers open lot coverage provides auto dealerships options of collision, comprehensive, specified causes of loss, or fire and theft.
Read MoreThe death benefit is the amount payable by a life insurance policy in the event of the death of the named insured.
Read MoreThe death benefit limitation refers to a limit every life insurance company has on the amount of life insurance a person can buy.
Read MoreThe Death on the High Seas Act (DOHSA) is a federal remedy for the death of seamen or other individuals arising from negligence, strict liability, or the unseaworthiness of a vessel and occurring on the high seas that is beyond three nautical miles from shore on a worldwide basis.
Read MoreA debit agent is an agent who works on the debit or industrial life insurance system.
Read MoreDebit life insurance is a type of industrial life insurance—that is, life insurance purchased primarily by people with low income levels under which the premium is collected weekly, biweekly, or monthly.
Read MoreThe debit system is the system of collecting life insurance premiums on a weekly or monthly basis involving an actual visit by the agent.
Read MoreDebris removal is coverage for the cost of removal of debris of covered property damaged by an insured peril.
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