Comprehensive Insurance Law and Legal Definition
Comprehensive insurance refers to an insurance that combines coverage against many kinds of losses that may also be insured separately. An example of a comprehensive insurance is the automobile insurance policy.
A comprehensive insurance is considered a typically primary insurance, that is, insurance that attaches immediately on the happening of a loss which is not contingent on the exhaustion of an underlying policy. Comprehensive insurance also helps in providing protection to the buyer of the contract so that if the security is lost the contract will be paid. Under comprehensive insurance, any part of the insurance over the balance due on the contract being paid to the buyer. Thus, both the purchaser and lender are protected by comprehensive insurance.
Legal Definition list
- Comprehensive Housing Plan
- Comprehensive Health Education
- Comprehensive General Liability Policy
- Comprehensive Fish and Wildlife Management Plan
- Comprehensive Environmental Response Cleanup and Liability Act
- Comprehensive Insurance
- Comprehensive Outpatient Rehabilitation Facility (CORF)
- Comprehensive Outpatient Rehabilitation Facility Services
- Comprehensive Planning
- Comprehensive School Health Program
- Comprehensive Student Work-Learning-Service Program [Education]
Related Legal Terms
- Accelerated Life Insurance Benefits
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accommodation Line [Insurance]
- Accountants Professional Liability Insurance
- Accounts Receivable Insurance
- Actual Cash Value Insurance
- Actual Delivery of Insurance Policy
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
