One that covers a group or class of things or properties instead of one or more things mentioned individually, as where a mortgage secures various debts as a group, or subjects a group or class of different pieces of property to one general lien.
a health insurance policy that protects all members of a group against a specific hazard Return to Menu
insurance of two or more items (or locations) in one aggregate sum insured instead of separate amounts for each item.
A single policy on the insured's property for (1) two or more different kinds of property at the same location; (2) the same kind of property at two or more locations; or (3) two or more different kinds of property in two or more different locations.
A policy in which a single sum insured covers a number of separate items such as buildings in a fire policy or employees in a fidelity guarantee policy, without being divided up among them.
A policy that covers a group of people ( such employees of the same company) or several properties of exposures (kinds of possible losses) under a single contract.
a policy covering several items under one sum insured.
A marine insurance policy covering frequent and spaced shipments of similar merchandise. It is issued for a specific period of time. The merchant must complete a certificate of insurance for each separate shipment. Compare "Certificate of Insurance."
an insurance policy which covers several different properties or exposures under one form or coverage limit, instead of under separate policies.
Insurance on two or more items, or locations, in one aggregate sum insured without separate amounts for each item.
