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Face Amount
The amount of insurance provided by a policy, usually found on its face.

False Pretense Coverage
Coverage that can be added to a Garage policy by endorsement to insure a dealer against loss from voluntarily parting with a covered auto by trick or scheme or from acquiring an auto from someone who does not have title.

Farm Coverage part
Part of the Commercial Package policy, the Farm Coverage Part provides both property and liability forms that can be used to provide farm coverage on either a monoline or  package  basis.

Farm Liability Coverage Form
A form that is a part of the Farm Coverage Part and is designed to provide liability coverage for farm operations.

Farm Property Coverage Form
A form that is part of the Farm Coverage part and provides seven separate property coverages designed specifically for farms.

Federal Crop Insurance
Comprehensive Insurance coverage with rates that are subsidized by  the federal government for unavoidable crop losses.

Fidelity Bond
A class of bonds which guarantees an employee’s honesty. Today this coverage is generally provided through Employee Dishonesty insurance.

Fiduciary Bond
A Judicial bond commonly used to bond fiduciaries: guardians, administrators, trustees and executors, or persons appointed by a court to manage the property of others. See Judicial bond.

File
A collection of information on a specific subject or person.

Film Coverage Form
An Inland Marine Coverage form that provides all-risk coverage for   exposed motion picture film, including sound recordings and magnetic or video tapes that have been properly recorded until the first full quota of positive prints or film have been made.

Face Amount
The dollar amount to be paid to the beneficiary when the insured dies. It does not include other amounts that may be paid from insurance purchased with dividends or any policy riders.
Financial Guarantee Insurance
A surety bond, insurance policy or when issued by an insurer an indemnity contract and any guaranty similar to the foregoing types, under which loss is payable upon proof of occurrence of financial loss to an insured claimant, obligee, or indemnitee.

Financial Responsibility Law
State law which requires owners or operators of autos to provide evidence that they have the funds to pay for automobile losses for which they might become liable. Insurance is the usual method for providing this evidence to the state.

Fire
Combustion accompanied by a flame or glow, which escapes normal confines to cause damage.

First Party Insurance
A loss which applies to the insured’s own property or person and thus involves only the insurer and the insured.

Fire Insurance
Coverage for loss of or damage to a building and/or contents due to fire.

Flat Cancellation
The cancellation of a recently written  insurance contract without charge to the insured.

Floater Policy
A separate policy available to cover the value of goods beyond the coverage of a standard renters insurance policy including movable property such as jewelry or sports equipment.

Flood Insurance
Coverage against loss resulting from rising water.

Floor Plan Coverage Form
An Inland Marine Coverage form that provides all risk coverage for merchandise for sale that has been financed.

Florida Joint Underwriting Association
A market source for persons who are unable to purchase Auto insurance through normal channels.It is a syndicate of all licensed companies in Florida that write Auto insurance, with direct operations  performed in their behalf by a group of servicing  carriers.

Forgery or Alteration Coverage Form
A Commercial Crime form that covers loss from forgery or alteration of checks, drafts, promissory notes or similar  instruments.

Form
An insurance document such as a policy, endorsement, rider or application.

Franchise Bond
A Surety bond that may be required by a public body when it awards a franchise.

Franchise Deductible
A deductible that specifies that no payment will be made until loss equals or exceeds a prescribed amount then the loss is paid in full.

Fraud
A false statement intended to deceive the insurer and induce it to part with something of value or surrender a legal right. May void a policy.

Freight Coverage
An Ocean Marine coverage that provides protection for the vessel owner in the event that freight charges’ are not paid.

Full Coverage
Often means all the coverage that is available.It usually applies in connection   with Automobile Insurance to include damage to the automobile as well as liability protection. It also can mean coverage without deductibles applicable.

Fund
Money held in trust to pay pension benefits.