Ins 22 Chapter 6

Front 1

First Party

Back 1

The Insured.

Front 2

Third Party

Back 2

Someone not party to the insurance contract who might assert a claim against a first party.

Front 3

Bodily Injury

Back 3

Bodily harm, sickness, or disease, including required care, loss of services, and death that result.

Front 4

Property Damage

Back 4

Physical injury to, destruction of, or loss of use of tangible property.

Front 5

Medical Payments to Others

Back 5

A homeowners covg. for necessarry medical expenses incurred by others (not an insured) within three years of an injury.

Front 6

Residence Employees

Back 6

Domestic workers whose duties include maintaining or using the household premises or performing domestic or household services.

Front 7

Employee

Back 7

An employee of an insured who is not a residence employee.

Front 8

Occurence

Back 8

Accident that results in bodily injury or property damage, including continuous or repeated exposure to the same genereal harmful conditions.

Front 9

Severability of Insurance Condition

Back 9

Policy condition that applies insurance separately to each insured, does not increase the insurer's limit of liability for any one occurrence.

Front 10

Pro Rata Refund

Back 10

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.