COLLISION

Posted on July 20, 2013July 20, 2013

The impact between a vehicle/vessel and another vehicle/vessel or object.

This entry was posted in . Bookmark the permalink.

Post navigation

LOSS OF SPECIE

Occurs where the insured property is so damaged that it ceases to be a thing of the kind insured; that is, it changes its specie. An example would be bags of cement which have been immersed in water.