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Info Center Glossary of Terms
Glossary of terms used on this site
There are 264 entries in this glossary.F
| Term | Definition |
|---|---|
| Face Amount |
The amount covered by the terms of an insurance contract, usually found on the first page of the policy. |
| Fiduciary Liability |
The liability placed on trustees, employers, fiduciaries and professional administrators with respect to errors and omissions in the administration of employee benefit programs |
| Final Expenses |
Expenses incurred at the time of a person's death. These include but are not limited to:funeral costs, court expenses, current bills or debt, mortgages, loans and taxes. |
| Fine Arts Coverage |
Property insurance for works of art |
| Fire Department Service Charge Coverage |
Coverage in a property insurance policy for charges incurred by the insured from a fire department for their services in fighting a fire |
| Fire Legal Liability Coverage |
Liability coverage for the insured's legal liability for fire damage to premises rented by the insured |
| Fire Wall |
A wall designed to prevent the spread of fire from one part of a building to another |
| Firewall |
A computer that protects a company's private network from outside internet users |
| Fixed Benefit |
A death benefit, the dollar amount of which does not vary |
| Flat Cancellation |
The full cancellation of a policy as of the effective date of coverage which requires the return of paid premium in full |
| Flood Coverage |
Coverage for damage to property caused by flood |
| Flood Exclusion |
A provision in most all property insurance policies eliminating coverage for damage by flood and possibly other types of water damage, such as seepage and sewer backup |
| Follow Form |
An umbrella policy provision that follows the underlying policy for coverages and policy provisions |
| Forgery or Alteration Coverage |
Covers loss due to the dishonesty of writing, signing or altering of checks and bank drafts |
| Fortuitous Event |
An event that is subject to chance without the implication of suddenness |
Info Center Glossary of Terms
