Insurance Terms

Front

A formal request made by the insurance policyholder to the insurance company for payment or services covered by the insurance policy.

Back

Claim

Front

An type of car insurance policy that provides complete protection.

Back

Comprehensive

Front

The types of events (losses) that an insurance company would pay for and the amount of money paid for the loss.

Back

Coverage

Front

The amount you must pay on a claim before the insurance company will pay.

Back

Deductible

Front

A financial product (called an insurance contract or policy) that you buy from an insurance company or organization.

Back

Insurance

Front

A licensed representative who handles the purchase of insurance between the customer and the insurance company.

Back

Insurance Agent

Front

Death, injury, or damage that could result in an insurance claim.

Back

Loss

Front

A contract of insurance

Back

Policy

Front

The person to whom an insurance policy is issued.

Back

Policyholder

Front

A payment made monthly, twice a year, or yearly, for an insurance policy.

Back

Premium