BROWN O'HAVER Adjusters For THe Insured

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Insurance Dictionary

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A B C D E F G H I J L M N O P R S T U W

DAMAGES - Money, compensation or satisfaction for injury sustained to the body or to property.

DEBRIS REMOVAL CLAUSE - This clause is usually added to a Fire Insurance policy. This clause holds the company responsible to remove the debris left from the peril.

DECLARATIONS (DEC SHEET) - This is the portion of the contract that has the information, for example, the name, address, property insured, its location and description, the policy period, the amount of insurance coverage, the applicable premiums, and supplemental representations by the insured.

DECLINATION - This is when the insurer rejects an application for insurance.

DEDUCTIBLE - This is a portion, as set forth in the policy, of a first party physical damage loss that the insured must pay. For example, the insured pays the first $250 of any repairs to his automobile resulting from accident.

DEFENDANT - The party against whom relief or recovery is sought in an action.

DEMOLITION CLAUSE - If demolishing is necessary for the building, this clause states they will not pay for the demolishing costs.

DEPRECIATION - Decrease in the value of property over a period of time to wear and tear and obsolescence.

DIAGRAM - An adjuster prepared scaled drawing of the scene of an accident or any other claim situation, which helps to clarify the positions of the various components of an accident.

DUE PROCESS OF LAW - This is the regular course of administration of the law through the courts. It implies a judicial determination rather than the passage of a law by a legislative body.

A B C D E F G H I J L M N O P R S T U W

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