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

TERM - A period of time for which a policy is issued.

THEFT - A broad term generally includes larceny, burglary and robbery outside of their regular limited legal definitions.

THIRD PARTY - This usually refers to claims made by someone for injury or property damage as the result of the insured's action.

THIRD PARTY INSURANCE - This is insurance that protects the insured for his legal responsibility which might arise out of injury to others or damage to other's property.

TIME LIMIT ON CERTAIN DEFENSES - A Uniform Provision stating that after a certain number of years no statements, except fraudulent misstatements, made in the application will be used to deny a claim or void the policy and that no claim will be denied or reduced on the ground that a disease or physical condition not excluded at the time of the issue existed before the effective date.

TIME LIMITS - The notice of claim and the proof of loss must be submitted within a certain amount of time.

TORT - A wrongful act committed on the person or property of another, independent of contract, which entitles the latter (the third party) to damages. (See Lesson 5.)

TRESPASSER - One who goes on another's premises without invitation, implied or expressed.

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

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