INSURANCE
A contractual relationship existing when one party, for financial consideration, agrees to indemnify another party for losses caused by designated perils stated in the contract (insurance policy).
A contractual relationship existing when one party, for financial consideration, agrees to indemnify another party for losses caused by designated perils stated in the contract (insurance policy).
Insurance (Loss) adjusters have two major functions to perform: first, that of policy interpretation when losses arise, and second, that of serving as a coordinating link between the insured and insurance company, and often with contractors.
One who represents insurance companies in advising, selling and interpreting polices to property owners, and providing administrative information and support for insured in the event of a loss.
The perils and the amount covered by an insurance policy.
An individual or other entity covered by an insurance policy and specifically named therein.
The party to an insurance contract who promises to pay insured for losses or restoration service requirements under the terms of the insurance contract (policy).
To dismantle as necessary and clean the interior components of a cabinet, case, furnishing or device.
(ISO) – An organization made up of experts from various scientific disciplines that represent many countries. The ISO meets every 18 months to establish internationally acceptable standards for testing a wide range of goods and services.
Relating to small, narrow spaces; e.g., confined spaces or cavities within a wall.
A listing or tabulation of items comprising a category (contents, parts, customer goods) of property.