BROWN O'HAVER Adjusters For THe Insured

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Insurance Dictionary

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Name

Email

Inquiry


Code

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

FACE - This is the first page of a policy.

FIRE - A spark, flame or glow that is hostile or not in a place intended.

FIRE INSURANCE - (1) Insurance that covers the insured against a loss caused by fire. (2) The field of insurance that provides insurance for many perils, including fire.

FIRST CALL SETTLEMENT - This is a situation where the adjuster has sufficient information in his possession prior to contact with an injured party or a party who has suffered property damage, to know that he or she wishes to settle the case, if the amount demanded is within reason. The adjuster then combines in one visit to the claimant, the gathering of necessary information and the settlement negotiation, resulting in the conclusion of the insurance claim.

"FIRST" NAMED INSURED - The first name that appears on the policy. This allows the insurer to notify the "first" named insured rather than contacting all the named insureds.

FIRST PARTY - This is usually the term used to describe claims made under the insurance policy by the insured, such as a claim for damage to his automobile or a claim for damage to his burned building.

FLOATER POLICY - This protection policy covers the property wherever it is; this is for movable property.

FORTUITOUS EVENT - An unforeseen accident.

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

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