| |
| Waiver ... |
| The act of intentionally relinquishing or abandoning a known right, claim or privilege or an instrument evidencing such an act. |
| • • • • • |
| Warranty ... |
| A specific agreement between the Insured and the Insurer which authorizes, sanctions, supports, justifies or guarantees something in writing. It becomes part of the insurance policy. |
| • • • • • |
| Watercraft Endorsement ... |
| An endorsement to a Homeowners Policy that provides coverage for property damage and liability losses arising out of the use of watercraft. |
| • • • • • |
| Watercraft Package Policy ... |
| Property and Liability coverage for losses arising out of the ownership and use of watercraft. |
| • • • • • |
| Workers Compensation and Employers Liability Policy ... |
| Insurance that covers the liability of an employer for work related injuries of their employees. |
| • • • • • |
| Write ... |
| To accept and underwrite an application for insurance. |
| • • • • • |
| Written Premium ... |
| The total amount of billable premium for all underwritten policies in force. |
| • • • • • |
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