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  1. prod-sitefinity-library.kappro.com › docs › defaultGlossary of Insurance Terms

    This new edition of the glossary includes hundreds of new and revised terms. many of these items have been added because of the introduction of new policy forms and coverages, important legal developments, and the changing business environment.

  2. www.cornerstoneinsurancebrokers.com › blog › common50 Common Insurance Terms and What They Mean

    • 704 S State Rd 135 Suite D #421, Greenwood, 46143, IN
    • (317) 534-6800
    • Premiums. When you purchase an insurance policy, you'll be required to make regular payments, known as premiums. These payments are typically made monthly or annually and are the cost of maintaining your insurance coverage.
    • Deductible. Think of a deductible as the money you have to shell out from your own pocket before your insurance kicks in to help cover your expenses. It's like the upfront cost you need to cover before your insurance really starts working for you.For example, if you have a $500 deductible and make a claim for $1,000, you'll need to pay $500, and your insurer will cover the remaining $500.
    • Policyholder. The policyholder is the person who owns an insurance policy. This individual is responsible for paying premiums and making claims under the policy.
    • Coverage Limit. Every insurance policy has a coverage limit, which is the maximum amount your insurer will pay out for a covered claim. It's crucial to understand your policy's limits to ensure you have adequate coverage.

  3. www.lloyds.com › help › glossary-and-acronymsGlossary and Acronyms - Lloyd's

    Glossary of insurance related terms used by Lloyd's and market participants. The following definitions are intended for general guidance. They do not override or qualify any definition that appears in any Lloyd’s byelaw or regulation, in any contract or in any other document.

  4. www.einsurance.com › glossaryInsurance Glossary – Understanding Common Insurance Terms

    This glossary provides insurance terms definition and explanation commonly used in insurance business world. Our insurance terms glossary is divided alphabetically by insurance terms in a quick reference guide to assist understanding the language commonly used by insurance companies.

  5. insurancetermslexicon.comInsurance Terms Lexicon - Ultimate Dictionary of Insurance Terms

    Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.

  6. www.ajg.com › ssa › ssa-insurance-glossaryGLOSSARY OF INSURANCE TERMS - Gallagher US

    CONDITIONS: All insurance policies have conditions. It is important that you review these and check that you can comply with them. Failure to do so could result in the insurer denying the claim if you breach a condition. Please inform your broker if you are unable to comply with conditions.

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  8. s25.q4cdn.com › 775214677 › filesGLOSSARY OF SELECTED INSURANCE AND RELATED FINANCIAL TERMS

    reports and other disclosures, we are providing a Glossary of Selected Insurance Terms. Most of the definitions are taken from recognized industry sources such as A. M. Best, The Insurance Information Institute and the International Risk Management Institute, Inc. This list is intended to be informative and