A sonic bang is the result of pressure waves caused by air craft travelling at sonic or supersonic speeds. The exclusion of damage caused by sonic bangs is found in all property insurances. In motor insurance the exclusion applies only to the any ‘own damage’ cover that may apply.
Insurance Encyclopedia
Sonic Boom
Noise, pressure, and shock waves resulting from an aircraft or missile exceeding the speed of sound. At one time property damage caused by sonic boom was excluded under most property insurance policies. Modern commercial property forms and householders policies now cover losses by sonic boom.
Sonic boom (Property Insurance)
A potential cause of property damage, caused by an aircraft or other form of air transport traveling faster than the speed of sound, which results in shock waves. Losses due to the effects of a sonic boom are usually covered by homeowners insurance or commercial property insurance.
SORP
See: Statement of Recommended Practice on Accounting for Insurance Business.
Sound Value
Usually used after a Fire to indicate the value of the insured property immediately before the damage.
Source document
1. Financial draft that is the initial point of entry to an accounting system (e.g., invoice, bill, check, deposit slip). 2. In insurance billing, a multipurpose billing form that is also called a charge document, charge slip, communicator, encounter form, fee ticket, patient service slip, routing form, superbill , or transaction slip . See multipurpose billing form.
Source of admission
See: point of origin for admission or visit .
source-oriented record (SOR) system
Method of medical recordkeeping in which documents are arranged according to sections (e.g., history and physical section, progress notes, laboratory tests, radiology reports, surgical operations).
South American Clause
Cargo clause defining termination of cover on South American shipments. It overrides both the warehouse to warehouse clause and the marine extension clause and extends cover after discharge from the overseas vessel. Cover terminates on the soonest of: (a) delivery at the final warehouse at the named destination; (b) 60 days after discharge from the vessel; or (c) 90 days after discharge from the vessel on shipments by way of the Magdalena River.
Space Insurance
See: “Satellite Insurance.” See: SATELLITE/SPACE INSURANCE.