Learn about contents in personal and commercial property insurance, including what is covered and what isn't, such as electronics, clothing, office furniture, and machinery.
Learn about the concept of control in general insurance terms, which refers to the power to position insurance as seen fit by an agent or broker, granted by the policy owner.
Explore what conversion privilege means in health and life insurance, including how it allows insured individuals to switch from group to individual policies upon leaving a group.
Learn about Convertible Collision Insurance - a unique vehicle insurance policy that covers all losses after claims exceeding the deductible are paid. Find out why this type of policy is rare and how it can benefit you.
Explore the concept of corridor deductible in health insurance, including how it functions and its impact on your medical expenses. Learn about hospital and medical cost payments before coinsurance.
Learn about Coverage Trigger (Liability), a crucial concept in determining if an insurance policy covers a claim. Understand how it functions in liability insurance.
Explore the definition of crime in legal terminology, its difference from torts, and how crimes are covered under certain insurance policies like commercial crime coverage.
Learn about the Date of Service in health insurance, which refers to the specific day a health care practitioner attends to or treats an insured individual.
Learn about Decreasing Term Life Insurance, a life insurance policy where the death benefit decreases over time until it reaches zero. Ideal for mortgage coverage and specific financial needs.
Deferred compensation in pensions allows employees to defer current payments until death, disability, or retirement, as agreed upon with the employer in a written statement. Learn the benefits and regulations.
Learn about Deposit (Pensions) - the payments made towards a pension fund by employees, employers, or both, and understand its significance in insurance.
Discover how a Disability Buy Sell policy funds an agreement to purchase the interests of a disabled stockholder. Learn more about buy sell agreements in health insurance.
Explore the intricacies of dram shop laws, a liability law governing the serving of alcohol and its consequences. Learn how individuals and establishments could be held responsible for intoxication-related injuries and damages.
Explore earthquake insurance, an essential component of property insurance that covers losses and damages caused by earthquakes. Learn why it is crucial for homeowners in seismic zones.
Dive into what an Educational Assistance Plan is in the context of pensions—employer-offered benefits where employees’ educational costs are reimbursed.
Learn about estate tax, a levy based on the value of a deceased's estate that is due to the federal government. Understand its implications for estate planning and asset distribution.
Learn about the term 'Experience' in general insurance, which refers to the record of loss associated with an agent, insured, or another category, and can also represent the ratio of losses to premiums.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.