Sports Insurance Glossary : Letter F

Fire Damage Legal Liability (Damage to Property Rented to You) - Contained within the Commercial General Liability coverage part, this coverage provides protection for damage to property rented to you ( landlord's building), should damage occur as a result of fire. This coverage is provided at a separate limit from the property damage liability limit, typically at a lesser amount.

Fire Insurance - Coverage is provided to protect the insured property from the peril of fire and lightening.

Fleet Policy - An auto policy covering a number of vehicles owned by a single insured.

Floater - A form of insurance that applies to movable property, whatever its location, within the territorial limits imposed by the contract. The coverage "floats" with the property.

Flood Insurance - Coverage against loss resulting from the flood peril, widely available under a program developed in 1968 by the private insurance industry and the federal government.