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Accident Insurance - insurance for unforeseen bodily injury. Accident Only - an insurance contract that provides coverage, singly or in combination, for death, dismemberment, disability, or hospital and medical care caused by or necessitated as a result of accident or specified kinds of accident.
Comprehensive explanation of the term 'Accident' within the context of insurance, including its implications, legislative references, and practical examples.
Kaplan financial education’s seventh edition of The Glossary of Insurance Terms is a completely new volume. It covers many areas of the insurance business and also includes a variety of noninsurance terms that are related to insurance in some manner.
Accident - Unexpected or chance event. This term is frequently defined in older commercial general liability (CGL) policies. Accounts Receivable Coverage - Coverage against loss due to inability to collect outstanding accounts receivable (or other transactions) because of damages to or destruction of records by an insured peril.
Accident: An unforeseen act or result that may cause bodily injury or property damage. In some policies, it is identified as occurring at a specific time and place. In others, it includes continuous or repeated exposure to the same conditions.
3 Οκτ 2023 · Learn about the term 'Accident' in general insurance - an unplanned, sudden occurrence beyond the control of the insured.
When someone’s involved in an accident, the insurance company has to figure out who caused it and how other drivers (if there were any) played a role. In the end, the insurance companies assign a percentage of fault to each driver.