An independent person of competent skill and experience, appointed by the Insurer following a loss, who investigates and reports on the cause and quantum of the loss.

“Let the buyer beware”. A legal tem relating to the purchase of goods and placing the onus on the buyer to satisfy himself that the goods which he is purchasing are suitable and of sufficient standard or quality for the purpose intended.

Gold or silver valued by its weight, ignoring its coin value.

The power or right to act on behalf of another.

An extra charge for an alteration, during the policy period, which increases the hazard or the Company’s liability.

The cause, in a series of causes resulting in a loss, which is furthest removed from the proximate cause. It is often the first cause of the series.

An independent person or firm who acts on behalf of the Insured in placing business with the Insurance Company. Responsible for the collection of premiums but having no authority to give coverage on the Insurance Company’s behalf without their specific agreement. Compensation is on a commission or fee basis.

Same as “Insurer” (Insurance Company).

Another person or Company who has an insurable interest and has been named as an Additional Insured under the policy.

Proximate Cause. The full term is “Causa Proxima non Remota Spectatur”