InsuranceConsequential damage endorsement Affinity sales Non-admitted insurer Indirect loss Aggregate limits Elimination period
Automatic coverage
In the world of insurance, an insurer will often agree to provide coverage for accidents caused by any machinery that falls under the same category as the one specifically mentioned in the endorsement. This means that if a particular type of machinery is listed in the endorsement, any accidents caused by similar types of machinery will also be covered. This is a crucial aspect to understand when dealing with insurance policies in the context of finance.
Related terms
Understand the meaning and definition of Consequential damage endorsement in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Affinity sales in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Non-admitted insurer in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Indirect loss in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Aggregate limits in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Elimination period in the context of stock market, trading, and investments.
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