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10 Cards in this Set

  • Front
  • Back
First Party
The Insured.
Third Party
Someone not party to the insurance contract who might assert a claim against a first party.
Bodily Injury
Bodily harm, sickness, or disease, including required care, loss of services, and death that result.
Property Damage
Physical injury to, destruction of, or loss of use of tangible property.
Medical Payments to Others
A homeowners covg. for necessarry medical expenses incurred by others (not an insured) within three years of an injury.
Residence Employees
Domestic workers whose duties include maintaining or using the household premises or performing domestic or household services.
Employee
An employee of an insured who is not a residence employee.
Occurence
Accident that results in bodily injury or property damage, including continuous or repeated exposure to the same genereal harmful conditions.
Severability of Insurance Condition
Policy condition that applies insurance separately to each insured, does not increase the insurer's limit of liability for any one occurrence.
Pro Rata Refund
Unused premiums returned to the policyholder when the policy is cancelled, calculated in direct proportion to the portion of the policy term that has not ben used. Some insurance policies apply a short rate penalty when the insured cancels the policy.