Insurance that covers jewelry and furs against all risks, regardless of where they are located.
Insurance Encyclopedia
Fur floater
See: Floater.
Furnace Explosion
A violent bursting with noise of the Fire box of a furnace. This type of happening is covered by the Fire Insurance explosion policies, while an explosion of the boiler would come under a Boiler Explosion Policy.
FURRIERS BLOCK POLICY
This coverage is similar to a Jewelers Block policy but is designed for fur dealers and fur storage facilities. (See Bailee Coverage; Care, Custody, and Control Exclusion; Jewelers Block).
Furriers Customers Insurance
An Inland Marine purchases by a furrier to protect furs in storage belonging to customers.
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US: See: Bailees floater.
Future Car Technologies for Motor
Automobile propulsion technologies under development include (i) petrol/electric and plus in hybrids (ii) Battery/electric vehicles (iii) Hydrogen cars (iv) bio fuels, and various alternative fuels. Alternative forms of power include the development of fuel cells, Homogeneous Charge Compression Ignition (HCCI), Steering engines, and even using the stored energy of compressed air or liquid nitrogen. New materials which may replace steel car bodies include duraluminium, fiberglass, carbon fiber, and carbon nano tubes. Telematics technology is allowing more and more people to share cars, on a pay as you go basis, through care share and car pool schemes.
Future Incase Option
An option which allows the insured to increase the sum insured at the policy renewal. Also an option which allows an insured to increase disability income benefit at predetermined times, specified in the policy, without evidence of insurability.
Future increase option
Insurance provision that allows an insured individual to buy additional stated amounts of life or disability income insurance at certain future dates without consideration of the insured’s physical condition. Also called guaranteed insurability option .
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A provision found in some policies that allows the insured to purchase additional disability income insurance at specified future dates regardless of the insured’s physical condition.
Future increase option (Health Insurance)
An option to augment disability benefits without having to re-establish insurability. This option is available at certain predetermined times listed in the contract.
Future Increase Option Rider
This rider allows the insured to purchase more disability insurance as needs change, regardless of health.