A building which has exterior walls, floors, and roof constructed of masonry or other fire-resistive materials.

Degree of hazard threatening a risk because of external or internal physical conditions.

The tonnage of a ship as registered before deduction of light and air spaces, machinery and navigating spaces and other parts of the vessel, to arrive at the net registered tonnage.

The country in which circumstances demand that a legal action should be founded.

Coverage for loss of or damage to a building and/or contents due to fire.

A period after the premium due date, during which an overdue premium may be paid without penalty. The policy remains in force throughout this period.

An unforeseen accident; any loss or damage which is not an inevitability.

Combustion sufficient to produce a spark, flame, or glow and which is hostile (as opposed to friendly – i.e., not in the place where it is intended to be, such as in a furnace.)

The sacrifice of property exposed to risk in a maritime adventure, in time of peril, for the purpose of preserving the remainder of the interests from a total loss.

An authority signed by the Insured which enables the Insurer to pursue his subrogation rights without the necessity of proving his entitlement to the rights.