An insurance against the risk of losing property or rights in property when the property is seized by the government of the country in which the property is located.
Insurance Encyclopedia
Extend
To carry forward the balance of an individual ledger.
Extended benefits
1. Insurance coverage of more than basic health plans. 2. Insurance policy provision that extends coverage for a certain time period after termination of benefits. Also called extended insurance . 3. Allows medical coverage to continue past termination of employment. See also Consolidated Omnibus Reconciliation Act of 1985 (COBRA) .
Extended care
Long-term inpatient care in a skilled nursing facility (SNF) or convalescent or nursing home, rather than a hospital. Frequently patients who are recovering after hospitalization are sent to SNF. Also known as convalescent care .
Extended care benefit
Insurance policy provision that covers room and board charges in an extended care facility (ECF). It is stated similar to that for hospital room and board.
extended care facility (ECF)
This phrase is no longer used. In 1972 when the Social Security statute was amended, a new phrase was introduced, “skilled nursing facility.” See skilled nursing facility (SNF) .
Extended care facility (Health Insurance)
A facility authorized to give 24-hour nursing care under local and state laws; for example, nursing homes.
Extended care services
Alternate name for skilled nursing facility services .
Extended coverage
An early and indivisible package of property insurance perils said to have been devised to make possible the spread of windstorm insurance beyond the highly exposed coastal and plains states. For those whose exposure to windstorm was less, extended coverage also encompassed smoke damage, hail, riot and civil commotion, aircraft and vehicle damage, and explosion insurance. Included here for historic purposes only since the term, extended coverage, is no longer in general use.
Extended coverage (EC) endorsement
An endorsement to a standard fire policy adding coverage for the following perils
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An endorsement to a standard fire policy adding coverage for the following perils windstorm, hail, explosion (except of steam boilers), riot, civil commotion, aircraft, vehicles, and smoke. The EC perils are now included in most property policies without the need for a separate endorsement.