NAMED
INSURED - The first person
in whose name the insurance policy is issued.
NAMED PERILS
- Named perils are the specific dangers a policy insures
you against - such as fire, windstorm, and hail in a
policy. These perils are "named" or listed in the
policy.
NEGLIGENCE - Failure to use that degree of
care, which an ordinary person of reasonable prudence
would use under the given circumstances. Negligence may
be constituted by acts of either omission or commission
or both.
NON-OWNED AUTOMOBILE
INSURANCE - A policy which
protects the insured against third party claims arising
out of some other person using their own vehicle in the
business of the insured.
