Amman: No significant clouds, 24 °C

 
Insurance terms & glossary
A (4) | B (4) | C (8) | D (5) | E (6) | F (2) | G (2) | H (1) | I (5) | L (2)
  • Accident

    1) An unusual, fortuitous, unexpected or unforeseen event or occurrence.
    2) A mishap that is not expected or designed.

  • Act of God

    A direct, violent sudden act of nature that could not have been foreseen, and its effect could not have been prevented, e.g., flood, earthquake.

  • Actual Cash Value

    The fair market value of property taking into account factors that might augment or reduce the value of the property in question.

  • All Risk Policy

    A name given to an insurance policy which covers against the loss caused by all perils except those which are specifically excluded by the terms of the policy.

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