A form of homeowners insurance especially for people who rent.
Insurance Encyclopedia
Tenants improvements and betterments
See: Improvements and betterments.
Tenants in common
A form of joint property ownership in which the owners may have unequal shares and which does not involve a right of survivorship.
Tenants in common (Legal Terminology)
A type of tenancy shared between two or more people. This occurs when the possession and ownership of a piece of real property is shared among more than two people, each of whom is allowed to sell their share of ownership on the property.
Tenants Liability
Cover for damage to rented buildings.
Tenants Policy
Householders policy which is covers Tenants property and other insurance requirements.
Tender bond
See: BID BOND.
Tender clause
International Hull Clause enabling the insurer to take tenders for repair after notification of a loss. The insurer can decide where repairs are carried out and veto a particular place of repair or particular ship-repairing firm. The insurer makes an allowance (30 per cent of insured value) for time lost between invitations to tender and acceptance.
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A clause in a Marine Hull Policy which provides for immediate notification of accident and gives the insurers various rights in connection with repairs, including one to take tenders for repairs.
Tender Offer Defense Expenses Insurance
Insurance designed to reimburse a publicly held corporation for defense expenses in resisting takeover attempts.
Tenderer
A member that seeks to sell some or all of his underwriting capacity in a capacity auction.