What Is the Broad Evidence Rule? The broad evidence rule outlines the guidelines that insurers must go about in determining the value of lost, stolen, or damaged property. It does not specify any one method to value any one piece of property, only that the method which most accurately represents the true cash value of
What Is Broad Form Insurance? Broad form insurance coverage extends beyond the basics to include rare events that may be of serious risk to the insured. This type of insurance usually requires that a higher premium, and often a deductible, be paid. Broad form insurance can be applied to nearly all forms of insurance, including investments, assets
What is Broad Form Personal Theft Insurance? Broad form personal theft insurance covers the theft or loss of personal assets. It can be placed on all personal property, and is on an all-risk basis, meaning no matter whether the loss is from vandalism, theft or loss, the same coverage will apply. A limited form of broad
What Is a Broad Form Property Damage Endorsement? A broad form property damage endorsement was an addition to a commercial general liability (CGL) policy that eliminated the exclusion of property as part of the coverage provided by the insurer. A higher premium was usually required for this additional coverage. Key Takeaways A broad form property damage endorsement is
What Is Broad Form Storekeepers’ Insurance? Broad form storekeepers’ insurance is coverage provided to store owners in the event of theft or robbery. This insurance is found under the burglary and robbery insurance policy. Key Takeaways Broad form storekeepers’ insurance is coverage provided to store owners in the event of theft or robbery, found under
What Is the Broad Tape? The stream of financial and business news produced by Dow Jones & Co. is still known as the broad tape, although it now arrives in electronic form. The service was originally printed on a ticker tape that was five inches wide, differentiating it from the narrower format used for stock
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What Is Broker Price Opinion (BPO)? A broker price opinion (BPO) is the estimated value of a property as determined by a real estate broker or other qualified individual or firm. A broker price opinion is based on the characteristics of the property being considered. A BPO is not representative of an official appraised value
What Is a Brokerage Window? A brokerage window is an option offered in a 401(k) plan that gives the investor the capability to buy and sell investment securities on their own through a brokerage platform. It may also be known as a “self-directed option” or a “self-directed brokerage option.” Key Takeaways In 401(k) retirement plans
What Is a Brokerage Firm? A brokerage firm or brokerage company is a middleman who connects buyers and sellers to complete a transaction for stock shares, bonds, options, and other financial instruments. Brokers are compensated in commissions or fees that are charged once the transaction has been completed. Most discount brokerages now offer their customers
