API 28

A document that provides information about the liability and workers comp insurance for a commercial venture.

A loss of sentimental value cannot be tangibly appraised.

Refer to the policies that provide first level coverage. The two terms that are interchangeable in umbrella policy

Group of offenses that include bodily injury as well as other offenses specified within the policy language

Legal actions initiated by one family member against another.

Exists when one party is held liable for the actions of another.

Refers to the coverages provided by underlying policies.

Acts like a deductible for any loss that is not covered by an underlying policy ($250-1000)