Page 5 - Personal Underwriting Mandates & Guidelines - Binder Addendums - Version 3
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Personal Underwriting Mandates & Guidelines – Binder Addendums – Version 3
Addendum A: SAIA Standardised Terminology
Contents
1. All Risks 4
2. Anniversary date 4
3. Average 5
4. Agreed value 5
5. Beneficiary 5
6. Betterment 5
7. Commercial use 5
8. Comprehensive motor insurance cover 6
9. Consequential loss 6
10. Credit Shortfall 6
11. Deductible (refer Excess) 6
12. Excess 6
13. Ex gratia payment 7
14. Exclusions 8
15. Extensions 8
16. Fire and theft cover 8
17. Held liable 8
18. Household 8
19. Indemnity 8
20. Insurable interest 8
21. Liability 9
22. Material fact 9
23. Motor values 9
24. Period of insurance ('POI') 10
25. Permanently unfit for use 10
