GLOSSARY OF TERMS

D TERMS

Data Processing or EDP Coverage: All risk property insurance for

electronic data processing equipment (computers), computer programs

and data including mechanical breakdown, electrical injury and changes

in temperature and humidity

Death Benefit: The amount of money paid to the beneficiary when the

insured person dies.

Decreasing Term Insurance: Term life insurance on which the face value

slowly decreases in scheduled steps from the date the policy comes

into force to the date the policy expires, while the premium remains

level. The intervals between decreases are usually monthly or annually.

Debris Removal: The cost of removal of debris from covered property

damaged by an insured peril

Deductible: The amount of loss which is paid or absorbed by the insured

prior to determining the insurance company's liability

Deposit Premium: The amount of premium required at the beginning of a

policy prior to the actual premium being determined

Depreciation: The reduction in value of property over a period of time.

Usually as a result of age, wear and tear, or economic obsolescence

Direct Damage: Causes of loss that produce direct and straightforward

property damage (without interruption in time or deviation in space)

from the cause of the event to the damaged property

Double Indemnity: Payment of twice the basic benefit in the event of

loss resulting from specified causes or under specified circumstances.

Driver Other Car Endorsement: An endorsement that can be added to an

automobile policy that gives protection while the insured designated in

the endorsement is driving a car other than the one named in the policy

Drop Down Provision: A clause used in Umbrella policies providing that

the Umbrella will 'drop-down' over underlying policy aggregate limits

when they have been reduced or exhausted