Steam explosions in concrete. The trapped water vapor expands and forces out chunks of concrete. This is considered by some fire cause experts to be evidence of the use of an accelerant.

A clause in a motor insurance policy limiting the insurer’s liability for the cost of spare parts no longer available from the car manufacturer.

A risk that is not otherwise covered—due, for example, to underwriting class or limit—but is endorsed into the reinsurance agreement by specific written agreement with underwriters. Used in treaties and facultative automatics.
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REINSURANCE: The facultative extension of a reinsurance treaty to embrace a risk not automatically included within its terms.
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REINSURANCE: The specific agreement by the reinsurer, upon the request of the cedent, to include under a reinsurance contract a risk not normally included within the terms of the contract. Special acceptance is generally covered in a special acceptance provision.

Acceptance of a risk that would not automatically be accepted through a reinsurance contract. This is done through a separate agreement.

A general term used for the agent who represents an insurer in a particular territory. In different kinds of insurance, this person may be given a different title; for example, a sales representative. This person is charged with servicing the insurer’s agents.
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An insurer’s representative in a territory who serves as a liaison between the insurer and the agent. The special agent is responsible for the volume and quality of the business written in that territory. Some states require a special license of special agents.
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Individual representing his Insurance Company in an exclusive territory. He supervises Agents of the Company and operations of his Insurance Company.

A kind of automobile insurance policy that is no longer used. Under this type of policy, bodily injury and property damage have a particular limit of liability, and medical payments have a different limit.

A type of insurance which provides all risk coverage on commercial buildings, subject to certain exclusions.

A form once used for commercial buildings, which is now mostly obsolete due to the Building and Personal Property Coverage Form. Under this form, a commercial building was covered against all perils, minus certain exclusions.