insurance write off definition
insurance write off means a determination by an insurer that the cost of repairing damage to a motor vehicle caused by a peril insured against would exceed the value of the vehicle when repaired;
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Related to insurance write off
Policy means Related Party Transaction Policy.
Insurance Information means the insurance information required by the Access Provider pursuant to Clause 5(b)(xi) hereof.
Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.
Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.
general insurance business means any class of insurance business other than long-term insurance business;