The insured’s inability to continue working for a period following accidental injury or sickness. Most personal accident policies provide a weekly/monthly benefit for a total or partial disablement for the duration of the disablement up to a maximum period, e.g 104 weeks in the case of accident.
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UK: Inability to follow one’s occupation in whole or in part for a limited period, for which benefits may be payable under a Personal accident insurance.

Commercial insurance clause covering items, other than stock, while temporarily removed for cleaning, renovating, repair or similar purposes to any situation in the UK or Republic of Ireland subject, normally, to a 10 per cent limit of the sum insured. Household policies cover contents in a bank, safe deposit or occupied house or in any other building where the insured or a family member is living or employed or carrying for up to 90 consecutive days subject to restrictions.

Where a ship is temporarily repaired with a view to economy, or because there is no alternative, insurers pay for both the temporary and subsequent repairs not exceeding the insured value. Temporary repairs for the shipowner’s convenience are not allowed except for liners running to advertised sailing schedules.

The liability of a tenant under contract or tort for loss or damage to the premises leased to him. The custody and control exclusion in a public liability policy is overridden in connection with property leased to the insured to give cover. The tenant’s liability section of a household contents policy indemnifies the insured in respect of liability for buildings damage when caused by insured peril.

International Hull Clause enabling the insurer to take tenders for repair after notification of a loss. The insurer can decide where repairs are carried out and veto a particular place of repair or particular ship-repairing firm. The insurer makes an allowance (30 per cent of insured value) for time lost between invitations to tender and acceptance.
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A clause in a Marine Hull Policy which provides for immediate notification of accident and gives the insurers various rights in connection with repairs, including one to take tenders for repairs.

Lloyd’s members wishing to surrender their capacity. They enter a tender bid into the capacity auction, stipulating the minimum amount (the floor limit), in multiples of 0.1p per pound of capacity they are prepared to accept. Subsequently, tender bids are matched against bids submitted by subscribers to ascertain the amount of capacity to be transferred and the price of the transaction. See CAPACITY TRANSFER MARKET.

life assurance under which benefit is payable only on death of the life assured on a predetermined date; sometimes called temporary assurance.
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A simple form of life assurance whereby in return for a premium an Insurer agrees to pay a fixed sum if the proposer should die within a stated period. No benefit is payable if the proposer survives the period. Under a decreasing term assurance, the benefit payable decreases from year to year.

Life policy that pays the sum insured only if death occurs within the policy term. If the life insured survives the term, there is no survival benefit. Decreasing term insurance and convertible term insurance are forms of term insurance.