Learn about the term Exposure in general insurance, which refers to situations where a loss could occur, the likelihood of such a loss, and its impact based on the surrounding area.
Learn about Fair Rental Value Coverage, which safeguards rental income from properties damaged by covered hazards. Protect your rental income with this essential insurance coverage.
Learn about Family Income Policies in life insurance. Discover how these policies provide financial security with a regular income stream to beneficiaries until a specified date in the future.
Learn about the term 'Field Force' which refers to the agents and supervisors working for an insurance company in local offices. Essential for anyone involved in the insurance industry.
Explore the concept of funding level in health insurance, which refers to the amount needed for a medical care program whether through premium costs or anticipated claim loss and fees.
Learn about the significance of fur and jewelry floater insurance, covering valuable items like jewelry and furs against all risks, no matter their location.
Learn about general insurance terms, focusing on how insurance reduces risk by transferring it to insurers and the role of premiums and policy contracts.
Learn about group certificates provided to policyholders in group health and life insurance plans, detailing the benefits offered under the group policy.
Learn about the guiding principles in general insurance that dictate how coverage of a loss is shared between two insurance companies, as developed by property and liability associations.
Learn about the illegal high-pressure tactics used in selling health insurance policies and how to identify and prevent being a victim. High-pressure tactics often involve threats, intimidation, or coercion, especially in marketing Medicare supplemental policies.
Learn about hospitalization insurance, a form of health insurance covering specific expenses during hospital stays due to injury or illness. Explore coverage limits and key details.
Discover the importance of housekeeping in general insurance underwriting, particularly for property insurance. Learn how property upkeep influences your insurance policy.
Learn the definition and implications of indirect or consequential loss in property insurance, including real-world examples like loss of income from an accident-damaged taxi.
Explore the significance of insurance forms, also known as endorsements or riders, in the completion of an insurance policy. Learn how they are integral in defining the terms and coverage of your insurance.
Learn about Key Person Insurance, a crucial life insurance policy that safeguards businesses from financial hardships due to the death of a key employee. Discover its benefits, coverage, and importance.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.