Generally, something tangible that is fixed or attached, as to a building, so that it becomes an appendage or structural part.
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Appurtenances which are affixed to the building or land and generally in such a way that they cannot be moved without causing damage to either to property or themselves and as such as a general rule become part of the realty so that ownership vests in the landowner, with certain exceptions for tenant’s fixtures and trade furniture.
Insurance Encyclopedia
Fixtures & Fittings
Those articles that are attached and appear to be a permanent part of the property. However, at times they are used to refer to articles of furniture and equipment which are not permanently attached. Thus, shelves, showcases, counters are customarily regarded as fixtures and fittings, though, some of these may not be permanently attached.
Fixtures and fittings
Additions to buildings ‘therein or thereon’, usually considered a part of the building. The landlord’s fixtures and fittings are insured as part of the building but if installed by the tenant they are insured as ‘contents’. In regard to any particular fixtures or fittings it is necessary but not sufficient to ascertain who installed them as fittings installed by a tenant may be become landlord’s fixtures. Pointers include purpose of the addition, the degree of actual attachment to the building and the terms of any lease.
FL
See: form locator (FL) .
Flag broker
The broker who processes premiums and claims under reinsurance placed by more than one broker for the cedant.
Flag Carrier
An airline of one national registery whose government gives it partial or total monopoly over international routes.
Flag of Convenience
Every State, whether coastal or not, has the right to sail ships under its flag on the high seas. Each State fixes the conditions for the grant of its nationality to ships for the registration of ships in the territory and for the right of fly its flag. Ships have the nationality of the state whose flag they are entitled to fly. Flags of convenience are the national flags of those States with whom ship-owners register their vessels.
Flag of vessel/flag of convenience
Indication of the state where the vessel is registered and which is responsible for safety standards. A shipowner may choose a particular state because of less rigorous standards. Such a state is a flag of convenience, e.g. Liberia. Underwriters take account of the ‘flag’ when assessing the risk.
Flame
The light given off burning gases and incandescent particles.
Flammable Liquid
A liquid substance, such as gasoline, which is readily capable of igniting, sustaining, or accelerating a fire.