Glossary

  • Accelerated Death Benefits
  • Accident
  • Accidental Death Benefit
  • Acquisition Costs
  • Actual Cash Value (ACV)
  • Actuary
  • Additional Extended Coverage
  • Additional Insured
  • Adjuster
  • Advance Premium
  • Age Change
  • Age Limits
  • Age of Car (age group)
  • Agency
  • Agent
  • All Physical Loss Form
  • Annual Policy
  • Annuitant
  • Annuity
  • Application
  • Appraisal
  • Approved
  • Area
  • Arson
  • Assets
  • Assignee
  • Assignment
  • Assurance-Insurance
  • Binder
  • Bodily Injury Benefit Coverage
  • Bodily Injury Coverage
  • Broad Form
  • Broker
  • Builder's Risk Insurance
  • Burglary
  • Business Insurance (Life)
  • Cancellable Policy
  • Cancellation
  • Capital Sum/Principle Sum
  • Carrier
  • Cash Surrender Value
  • Casualty Insurance
  • Catastrophe Reincurance
  • Chartered Life Underwriter (C.L.U.)
  • Chartered Property and Casualty Underwriter (C.P.C.U.)
  • Claim
  • Claim Severity
  • CLAIMANT
  • Claims-Made Coverage
  • Coinsurance Provision
  • Collision Coverage
  • Combined Single Limit
  • Commercial Fire
  • Common Disaster Clause
  • Comprehensive Coverage (physical damage other than collision)
  • Compulsory Insurance
  • Concealment
  • Contents
  • Contingent Beneficiary
  • Contract
  • Contributory Negligence
  • Coverage
  • Damages
  • Death Benefit
  • Death Claim
  • Declarations Page
  • Decreasing Term Life Insruance
  • Deductible
  • Deferred Aunnuity
  • Depreciation
  • Direct Loss
  • Disability Clause
  • Dividends
  • Domestic Carrier
  • Double Indemnity
  • Earned Premium
  • Effective Date
  • Endorsement
  • Equipment Floater
  • Estimated Premium
  • Evidence of Insurability
  • Excess and Surplus Lines Insurance
  • Excess Liability Policy
  • Exclusions
  • Expense Ratio
  • Expiration Date
  • Exposure
  • Extended Coverage
  • Extended Term Insurance Option
  • Face Amount
  • Family Auto Insurance
  • Final Expenses
  • First Party Claim
  • Fixed Benefit
  • Flat Cancellation
  • Floater
  • Flood Exclusion
  • Franchise Insurance
  • Free Look
  • Full Coverage
  • Gap Insurance
  • Garage Liability Insurance
  • General Liability
  • Grace Period
  • Gross Negligence
  • Gross Vehicle Weight (GVW)
  • Group of Companies
  • Hazard
  • Health Maintenance Organization (HMO)
  • Hold Harmless Agreement
  • Homeowner's Policy
  • Impaired Risks
  • Indemnity
  • Independent Adjuster
  • Insurability
  • Insurance Policy
  • Insured
  • Insurer
  • Irrevocable Beneficiary
  • Juvenile Insurance
  • Key Man Insurance
  • Lapse
  • Liability
  • Liability Coverage
  • Liability Insurance
  • License - Agent or Broker
  • License - Company
  • Life Expectancy
  • Life Insurance
  • Limit of Liability
  • Loss
  • Loss of Use
  • Loss Payable Clause
  • Loss Payee/ Lien Holder
  • Loss Ratio
  • Medical Payments
  • Minimum Premium
  • Mortgage Clause
  • Mortgage Insurance
  • Multi-Car Discount
  • Multiple Line
  • Mutual Insurance Companies
  • MVR- Motor Vehicle Record
  • Named Driver Exculsion
  • Named Insured
  • Named Perils Coverage
  • Negligence
  • Non-Owned Automobile
  • Non-Renewal
  • Nonstandard Auto (High Risk Auto or Substandard Auto)
  • Occupancy
  • Occupational Hazard
  • Occurence
  • Occurence Coverage
  • Omnibus Clause
  • Original Age
  • Owner
  • Paid-Up
  • Paid-Up Additions
  • Partial Disability
  • Peril
  • Persistency
  • Personal Auto Policy (PAP)
  • Personal Injury
  • Personal Injury Protection (PIP)
  • Personal Property
  • Physical Hazard
  • Policies-In-Force
  • Policy
  • Policy Fee
  • Policy Holder
  • Policy Loan (Life)
  • Policy Period
  • Pre-Existing Condition
  • Preferred Risk
  • Premises
  • Premium
  • Premium Earned
  • Premium Unearned
  • Premiums-In-Force
  • Primary Beneficiary
  • Primary Policy
  • Pro Rata Cancellation
  • Proceeds
  • Property Damage
  • Property Damage Coverage
  • Property Insurance
  • Provisions
  • Proximate Cause
  • Qualifying Event
  • Rate
  • Rated Policy
  • Rating Territory
  • Re-entry Option
  • Real Property
  • Refund
  • Reinstatement
  • Renewal Policy
  • Rental Reimbursement Coverage
  • Renters Insurance
  • Rents or Rental Value
  • Replacement Cost
  • Residual Benefit
  • Return Premium
  • Rider
  • Risk
  • Schedule
  • Secondary Beneficiary
  • Short Term Cancellation
  • Single Interest Insurance
  • Special Class
  • Standard Provisions
  • Standard Risk
  • Stock Company
  • Subrogation
  • Substandard Risk
  • Surcharge
  • Surrender Charges
  • Term
  • Term Insurance
  • Termination
  • Third Party Claim
  • Tort
  • Total Disability
  • Total Loss
  • Towing and Labor Coverage
  • Umbrella Policy
  • Underlying Coverage
  • Underwriter
  • Unearned Premium
  • Uninsured Motorist Coverage
  • Uninsured/Underinsured Motorist (UM/UIM) Coverage
  • Universal Life Insurance
  • Unreported Claims
  • Usage
  • Usual and Customary Fees
  • Vacancy Provision
  • Variable Annuity
  • Variable Life Insurance
  • Viator
  • VIN (Vehicle Identification Number)
  • Whole Life Insurance
  • Worker's Compensation