"take it or leave it" contract, such as an insurance contract, where the one drafting the contract has the negotiating power. The nondrafting party must sign or seek services elsewhere.
item or risk that is specifically not covered in accordance with the terms of an insurance policy
to enter into a contractual obligation to pay a person or company in case there is a specific type of loss
exists if loss would cause the policy holder to suffer financial harm. In order to purchase an insurance policy the purchaser needs an insurable interest.
document containing the terms and conditions of an insurance contract and the applicable coverage
piece of information that a reasonable person would recognize as important or relevant to a decision
policy issued by an insurance company that protects against fire, theft, or weather damage to structures and the items within them
uncertainty about a loss, such as damage or injury, against which an insurance policy provides coverage
situation that presents unacceptable or unknowable chance of loss or a situation in which providing insurance would be illegal