What does Rolling Stock mean? Read on to discover the definition & meaning of the term Rolling Stock - to help you better understand the language used in insurance policies.
All the vehicles, whether self-propelled or not, that operate on a railroad line. The term includes both locomotives and cars designed to carry persons or freight tank cars, boxcars, flatcars, passenger cars. Physical damage coverage on rolling stock is a standard feature of railroad protective liability insurance.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Rolling Stock. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: