A situation in which the insured and the beneficiary appear to die simultaneously with no clear evidence of who died first.
A situation in which the insured and the beneficiary appear to die simultaneously with no clear evidence of who died first.
Generally refers to (1) the amount of reduction in the value of an Insured’s property caused by an Insured peril; (2) the amount sought through an Insured’s claim; or (3) the amount paid on behalf of an Insured under an insurance contract.