: A requirement that the person buying insurance must suffer a financial loss if the insured event occurs.
: A document providing formal evidence of insurance coverage, often required for business contracts. Dictionary of Insurance Terms
: The total amount of capital an insurance company has available to underwrite general coverage or specific risks. : A requirement that the person buying insurance
: The front page of a policy containing specific details like the name of the insured, address, policy period, and coverage limits. Dictionary of Insurance Terms
: Coverage primarily concerned with legal liability for injuries to others or damage to their property.