A contract that protects policy holders against potential losses of property by offering competition in such a situation. In exchange, a policy holder must make regular payments which are more affordable than replacing an asset lost.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser