A.O.A. (Any One Accident) Any one accident. injury and property damages of third parties arising out of any one…Plan CoverDecember 6, 2021
A.O.V. (Any one vessel) The insurer's maximum commitment under the policy for all cargo in respect of any one…Plan CoverDecember 7, 2021
A.O.Y (Any one year) The maximum liability of the insurer under the policy for all claims preferred during the…Plan CoverDecember 7, 2021
Abandonment A damaged property it may not be sensible to go in for repairs since the…Plan CoverDecember 7, 2021
Absolute Liability Liability for damages even though fault or negligence cannot be proven.Plan CoverDecember 7, 2021
Absolute Ownership Absolute ownership exists where the interest or explicit right of possession of the insured is…Plan CoverDecember 7, 2021
Acceleration Clause A contract provision that allows a lender to require a borrower to repay all or…Plan CoverDecember 7, 2021
Accessory An addition to a motor vehicle that does not change its performance or structure.Plan CoverDecember 7, 2021
Accident Benefit Provides for payment of an additional benefit equal to the sum sum assured in instalments…Plan CoverDecember 7, 2021