Zehr Rater - Instant Auto Quote - Click here now!    Zehr Rater - Instant Home Quote - Click here now!    Zehr Rater - Instant Antique Quote - Click here now!

Monthly Archives: November 2008

Third Party Insurance

Protection of the insured against liability for damage to or destruction of the bodies or property of others.


Any act of stealing. Theft includes larceny, burglary and robbery.

Tenants Policy

A Homeowners form, which is specifically designed for people who rent.


The right of an insurance company to step into the shoes of the party whom they compensate and sue any party whom the compensated party could have sued.

Specified Perils

An optional coverage designed to provide basic protection for your vehicle for loss or damage resulting from incidents specifically stated in your policy. A few examples of the types of losses insured under named perils coverage include fire, lightning, theft,… Continue reading


Usually, a policy benefit or claim payment. It connotes an agreement between both parties to the policy contract as to the amount and method of payment.


The felonious taking, either by force or by fear of force, of the personal property of another, commonly known as “hold-up”.

Risk Management

Management of the pure risks to which a company might be subject. It involves analyzing all exposures to the possibility of loss and determining how to handle these exposures through such practices as avoiding the risk, retaining the risk, reducing… Continue reading


1. A chance of loss.

2. A person or thing insured. (Impaired or substandard risk: An applicant whose physical condition or moral habits do not meet the standard on which the rate is based).


Usually known as an endorsement, a rider is an amendment to the policy used to add or delete coverage.