Auto
Pays for damage you cause in an accident.
Liability
The amount of money that an individual pays before the benefits of health insurance kick in coinsurance starts.
Deductible
The owner of a life insurance policy, who pays a premium.
Policyholder
Provides coverage for physical property. Helps protect from damage. Can be owned or rented.
Property Insurance
Provides income replacement if an illness or injury prevents a person from working.
Disabiliy Insurance
Hit by an uninsured or underinsured driver.
Uninsured/underinsured driver motorist coverage
The amount of money that you and/or your employer pays the insurance company every month or year as part of the insurance plan.
Premium
Certain benefits that may be available to the insurer while still alive.
Living benefits
Financial protection for a home and its contents.
Home Insurance
Protects travelers from unexpected costs and losses that can occur during their trip
Travel Insurance.
Damages to your car (Even if you're at fault).
Collision
After you have paid this amount of money, your health insurance will cover 100% of your costs for medical services that are included in your plan.
Out of pocket max
Period within which a premium that is overdue must be paid for the policy to remain active.
Grace Period
A policy that protects tenants personal belongings and provides liability coverage.
Renters Insurance
Watercraft insurance that protects boat owners from financial losses due to accidents, damage, theft, and liability issues.
Boat Insurance
Covers the cost of treating your injuries. Also known as "No-fault insurance."
Personal Injury Protection
The flat fee that an individual is expected to pay for a medical service, such as a doctor's appointment.
Co-pay
The person designated to recieve the death benefit from a life insurance policy.
Beneficiary
A formal request by the policyholder to the insurance company. For payment due to a covered loss or event.
Claim
Career Insurance
Damages outside your influence or control.
Comprehensive
The percentage of money that you are expected to pay after the deductible is reached.
Co-insurance
A contact that provide an income for a specified number of years, regardless of life or death.
Annuity
Protects the physical structure of the house and attached structures.
Provides extra liability coverage beyond your primary policies, like home and auto insurance.
Umbrealla Insurance