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| The person or persons designated as the insured in an insurance policy. |
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| An insurance policy which covers only defined perils or causes of loss. This is the opposite of an All-Risk policy which covers all perils except those specifically excluded. |
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| A government regulated type of automobile insurance in which each party's own insurance pays for their damage and injury regardless of who is at fault. |
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| Non-Owned and Hired Car Coverage |
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| Non-owned and hired car coverage is for policies written with limits of liability of $1 million or more. It provides coverage for rental or borrowed autos as long as the insured does not own any private passenger vehicles, pick-up, panel truck or van and the use does not exceed 30 days. |
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| An insurer not licensed to write insurance in a specific state. |
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| When an insurance company decides it will not provide you insurance anymore. |
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