Basic insurance definition

Basic insurance means coverage against direct loss to real and tangible personal property at a fixed location including insurance against direct loss to property which is being constructed or rehabilitated (builder’s risk coverage), that is provided in (1) the standard fire insurance policy of the State of Connecticut, (2) the extended coverage endorsement, and (3) vandalism and malicious mischief and sprinkler leakage insurance, as well as coverage against liability arising from the ownership, maintenance and use of such property. Liability coverage shall be limited to those forms of insurance available on the normal voluntary market, for single family, two family, three family or seasonal dwellings of not more than three families. Upon recommendation of the governing committee and approval of the insurance commissioner, the program may be extended to include such additional lines of insurance as may be designated. Basic insurance does not include automobile, farm, and such types of manufacturing risks as may be excluded by the insurance commissioner.
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Basic insurance means the insurance defined in section 20.1;
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Examples of Basic insurance in a sentence

  • Basic insurance is mandatory by law and may only be taken out with an insurance company accredited by the Swiss health care authority.

  • Basic insurance coverage shall be for a face value of $50,000.00 and monthly premiums shall be paid 100% by the Municipality.

  • Basic insurance 31 coverage may include: medical, dental, vision, group term life and group long-term disability 32 insurance coverage.

  • No Basic insurance coverage is in place for the buildings and their contents.

  • Basic insurance for personal possessions is included in the Licence Fee.

  • Insurance consists of:  Medical insurance: University and Resident share the cost of insurance premiums  Dental insurance: Premiums fully paid by UW  Life, Accidental Death and Dismemberment Insurance: Basic insurance provided at no cost, with option to purchase addition coverage  Long-term disability (LTD) insurance: There are two LTD insurance options for residents.

  • Basic insurance policies can be obtained directly through the warehouse or by contracting a private insurance company for a more comprehensive policy.

  • Basic insurance is included in your rental rate and reduces your liability to us for loss or damage to the rental Vehicle or related third party damage except in the event of a Prohibited Use.

  • The agrees that it shall arrange for the following group pension and benefit plan to be available to employees: Pension Plan Health Insurance Dental Care Basic Life Insurance Basic insurance Long Term Disability The terms of coverage and benefits of these Plans shall be in accordance with the and conditions of the Plans, as amended from time to time by the following consultation with the union.

  • The insurance entitlements of the previous Berolina Classic insurance will be maintained under the Berolina Basic insurance of the Berolina VVaG pension fund.

Related to Basic insurance

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.