Discover the meaning of 'Assessed Value' in general insurance terms and learn how it influences property taxes set by government entities.
Learn about Automobile Physical Damage Insurance (Vehicle Insurance) and how it protects your vehicle against damages caused by sources like vandalism or fire. Get insights into coverage options, benefits, and essential considerations.
Learn about Acceleration Life Insurance, a policy feature that allows the insured to access a portion of the death benefit before death for certain medical costs.
Learn about Additional Living Expense coverage in homeowners insurance, which reimburses expenses for temporary living arrangements due to covered incidents such as fire or water damage.
Learn about the Agreed Amount Clause in Property Insurance, a clause that ensures the amount of insurance automatically meets the coinsurance requirement.
Learn about the attestation clause, a crucial section requiring insurance company officers to sign a contract for its completion.
Understand the concept of adhesion insurance contracts, which are non-negotiable and offered on a take-it-or-leave-it basis in general insurance terms.
Learn about adjusted premium, a type of insurance premium calculation that includes a net-level premium and first year’s acquisition expenses, important for life annuity contracts.
Learn about the Adjustment Provision in general insurance policies, which allows changes in premiums, face amounts, and durations of protection. Understand how this key term impacts your insurance coverage.
Discover what adverse selection is in general insurance. Learn how individuals with higher-than-average risks attempt to buy insurance at standard rates and its implications.
Understand the concept of an amortization schedule for pensions, a table that provides a detailed timeline for paying off a debt over a specified number of years.
Dive into the comprehensive analysis of annuities including interest rates, financial rankings of the offering company, and expected monthly income.
Understand the concept of Assumption of Risk in common law. Learn how individuals assume certain risks through their actions and its implications in legal defenses.
Learn about automatic coverage in general insurance, which provides automatic protection for newly purchased property or property that appreciates in value.
Learn about the automatic increase in benefit provision in life insurance, a key clause in disability coverage that ensures rising payments over the years based on a pre-determined percentage.
Learn about age setback in life insurance, a practice affecting women's premiums based on assumed longer life expectancy, and its legislative implications.
Learn about Asset Valuation Reserve, a mandatory reserve for all invested assets across classes as required by the NAIC. Essential for maintaining insurance company solvency.
Learn about the concept of attractive nuisance in legal terminology, which refers to potentially hazardous property features that appeal to children, such as a swimming pool, and the liability implications for property owners.
Explore the essential elements of auto coverage with our detailed guide on vehicle insurance policies for cars, trucks, and trailers operating on public roadways.
Delve into the concept of aviation hazard and explore the extra risks involved in aviation or aeronautics participation, crucial for aviation insurance policies.
Explore the Average Earnings Clause in Life Insurance, outlining how disability payments can be adjusted based on beneficiary income. Vital information for the first two years post-disability payments.
Discover the essentials of Accidental Death and Dismemberment (AD&D) Insurance, a policy that provides financial benefits upon accidental death or incapacitating injury.
Learn about adjustable life insurance, a flexible life insurance policy that allows changes in policy amount, premium, and period to suit your needs.
Learn about advance funding in pensions, a crucial method where money is designated to fund future retirement benefits. Understand its importance in securing financial stability for retirees.
