Insurance that covers the insured in the case of lost income.

Insurance to provide a benefit to the member of an aircrew whose license is withdrawn because of physical unfitness arising from accident or illness.

In Personal Accident Insurance the Policy may grant a lump sum benefit for the loss of one or more limbs resulting from an accident.

Loss of limb(s) is defined as total and irrecoverable loss of: (a) sight of both eyes or the actual loss by physical separation of the two entire hands or two entire feet or of one entire hand and one entire foot or of such loss of sight of one eye and such loss of one entire hand or one eye and such loss of one entire hand or one entire foot. The loss of sight must be total and irrecoverable, hence blind for all practical purposes does not satisfy the definitions, but claims are admissible if vision has become so impaired that it is impossible to recognize objects, although the difference between darkness and light can be distinguished. It is also to be noted that loss of limbs include loss of use of limbs i.e., eyes are there intact but loss of sight is lost due to accident. (b) use of two hands or two feet or of one hand and one foot or of such loss of sight of one eye and such loss of use of one hand or one foot of the insured.

This coverage protects a condominium association against the loss of maintenance fees when occupancies have been interrupted or impaired by the occurrence of any insured peril. This is a form of business interruption insurance for the association. It assures continuous income while the building is untenantable.

A term found in Marine Ocean and Marine Inland contracts as part of the Delay and Loss of Market Exclusion. Loss of market is the inability to sell a product to prospective buyers. This is considered a normal business risk and not coverable under insurance contracts except in some cases such as meats, where spoilage can result in loss of market. If the spoilage is the result of some even such as a storm at sea or a derailing coverage can be purchased for an additional premium.

The loss of the opportunity to sell a specific item to a potential buyer. Certain contracts have a specific exclusion that pertains to this circumstance, however, most consider it excluded as a standard business peril.

Where the ship concerned in the adventure is missing and after lapse of reasonable time no news of her has been received, an actual total loss may be presumed.

This cover loss of personal belonging lying in the insured vehicle due to perils covered under the OD section of the policy, following an accident to the insured vehicle. Personal belongings do not include money, securities or valuable or goods of trade or samples and items of similar nature. The sum insured is to be decided at the time of taking insurance and the add on will pay only if the claim for the damages to the vehicle is admissible.