Insurance Terms

Front

Life Insurance

Back

A policy that will pay a specified sum to beneficiaries upon the death of the insured.

Front

Collision

Back

Reimburses you for damage to your automobile sustained in a collision with another car or with any other object, movable or fixed.

Front

Comprehensive

Back

Provides coverage for any direct and accidental loss of, or damage to, your covered automobile and its normal equipment, including fire, theft, or malicious mischief.

Front

Liability

Back

Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property as a result of an auto accident.

Front

Homeowner Insurance

Back

An elective combination of coverages for the risks of owning a home, including losses due to fire, burglary, vandalism, earthquake, and other perils.

Front

Health Insurance

Back

A policy that will pay specified sums for medical expenses or treatments, offering many options and varying in approaches to coverage.

Front

Disability Insurance

Back

Health insurance that provides income payments to the insured wage earner when income is interrupted or terminated because of illness, sickness, or accident.

Front

Broker

Back

A licensed person or organization paid by you to look for insurance on your behalf.

Front

Agent

Back

A licensed person or organization authorized to sell insurance by or on behalf of an insurance company.

Front

Insured

Back

The policyholder - the person(s) protected in case of a loss or claim.