Abandonment: As used in property insurance, prohibits the insured from abandoning damaged property to the insurance company for repair or disposalĪccelerated Benefits Rider: An adjustment (rider) to a life insurance policy that allows for the early payment of some portion of the policy's face amount should the insured suffer from a terminal illness or injury.Īccidental Death Benefit Rider: An adjustment (rider) to a life insurance policy that provides for payment of an additional cash benefit when death occurs by accidental means.
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