Debit life insurance (also known as Industrial Life Insurance) is a type of insurance where the premium is paid weekly, biweekly, or monthly and is collected by an agent of the insurance company who visits the insured at his or her home in order to collect the premium. Debit life insurance is often purchased by people with low incomes. Face amounts are often small and used principally for final expenses.

A system used by agents to collect policy premiums weekly or monthly.

Debris removal pays for the expense of removing debris caused by a covered peril. Normally the debris must be removed within 180 days. For example, a person’s home may be a total loss due to a fire. The charred remains of the house are “debris” and the removal of the remains is not covered in the value of the house. The debris removal clause provides coverage to clear the lot.Most homeowner and commercial fire policies include debris removal. It is important to note that the coverage does not include clean up of any pollutant.

A provision that may be included in a property policy to provide the insured with indemnification for expenditures incurred in the removal of debris produced by the occurrence of an insured peril. Ordinarily a property policy covers only the direct damage caused by an insured peril.
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A consequential coverage commonly included in direct loss policies. For example, fire policies provide limited recovery for the insured’s cost of removing the debris after a covered fire. Not to be confused with removal.

In a property insurance contract, this clause allows the insured to be reimbursed for expenses associated with cleanup of debris created by an insured loss.