BROWN O'HAVER Adjusters For THe Insured

Untitled Document

Insurance Dictionary

Untitled Document

Name

Email

Inquiry


Code

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

GARAGE LIABILITY POLICY - This is a contract for an owner of a garage to provide him with the coverage he needs for the special hazards that are there.

GLASS COVERAGE FORM - This form is used to insure plate glass, lettering, frames and ornamentation.

GRACE PERIOD - A period following the premium due date during which payment of the premium may be made without penalty or loss of insurance.

GROSS EARNINGS BUSINESS INTERRUPTION - This insurance is to recover the gross earnings less expenses which discontinue after a loss.

GUEST LAW - This is a statutory provision changing the common law, setting forth the duty if a driver or owner to one riding in a motor vehicle as a passenger. In general, guest statutes provide that the passenger may not collect or bring suit against the driver unless the driver is guilty of willful and wanton conduct. In other words, this is a statute to protect drivers from minor mistakes that might cause injury to a guest. For instance, a driver of a vehicle picks up his next door neighbor as a favor to his neighbor, and is traveling down a city street at 35 miles per hour where the speed limit is 30 miles per hour. An accident ensues and the guest is injured. In this case, there is actually no gross negligence on the part of the driver and under the guest statue, his passenger is not entitled to recover damages. In another situation where the same driver was traveling 70 miles per hour in a 30 mile an hour zone, it could well be held that his conduct was willful and wanton and so thereby entitled the passenger to recover damages, even under the guest law.

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

Untitled Document